IT firm Coforge raises Rs 340 cr via non-convertible bonds
IT firm Coforge raises Rs 340 cr via non-convertible bonds File photo 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...
Source: freepressjournal.in