IT firm Coforge raises Rs 340 cr via non-convertible bonds
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IT firm Coforge Ltd, formerly NIIT Technologies, said on Tuesday it has raised Rs 340 crore through issuance of non-convertible bonds on private placement basis. The board of directors of the company has approved allotment of up to 3,400 unsecured, listed, rated, redeemable non-convertible bonds of Rs 10,00,000 each aggregating up to Rs 340 crore to identified investors on a private placement basis, Coforge said in a regulatory filing.
The non-convertible bonds (NCBs) are proposed to be listed on the wholesale debt market (WDM) segment of BSE, the company added.
Shares of Coforge were trading 0.28 percent lower at Rs 2,799 apiece on BSE.
On 17 April 2021The Board of Coforge will meet on 17 April 2021 to consider and approve raising of funds by way of issuance of Non Convertible Bonds on private placement basis, for such amount and on such terms and conditions as may be decided by the Board at the aforesaid meeting.
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