20 Dec, EOD - Indian

SENSEX 78041.59 (-1.49)

Nifty 50 23587.5 (-1.52)

Nifty Bank 50759.2 (-1.58)

Nifty IT 43771.05 (-2.63)

Nifty Midcap 100 56906.75 (-2.82)

Nifty Next 50 68702.65 (-2.72)

Nifty Pharma 22501.85 (-0.86)

Nifty Smallcap 100 18714.3 (-2.19)

20 Dec, EOD - Global

NIKKEI 225 38860.62 (0.41)

HANG SENG 19720.7 (-0.16)

S&P 6029 (0.25)


Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(07 Nov 2024, 09:19)

Kalpataru Projects rallies as board OKs raising Rs 200 cr via NCDs

Kalpataru Projects International gained 3.94% to Rs 1,276.15 after its board approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) of Rs 200 crore on private placement basis.


The company will issue 20,000 NCDs having face value of Rs 1 lakh each, aggregating to Rs 200 crore in one or more tranches. The deemed allotment date is 12 November 2024 and shall be redeemed on 12 November 2027.

These debentures are proposed to be listed on Wholesale Debt Market Segment of BSE.

Kalpataru Projects International (KPIL) is part of the Kalpataru Group, a diversified conglomerate with interests in EPC and real estate. KPIL is involved in EPC segment mainly in power T&D segment, railway infrastructure and oil & gas infrastructure and has presence in 70 countries. KPIL has extended its reach in the European market through its subsidiary Linjemontagei Grastorp AB in Sweden and Latin America through its subsidiary Fasttel Engenharia Ltda in Brazil.

The company’s consolidated net profit fell 19.1% to Rs 93 crore on 8.2% increase in net sales to Rs 4,587 crore in Q1 FY25 over Q1 FY24.


More News