State-owned BPCL on Saturday said it has allotted non-convertible debentures (NCDs) 935.61 crore on private placement to identified investors. The rate of interest for these debentures is 7.58% payable annually.
The allotment was done on 17 March.
As per regulatory filing, BPCL has issued 93,561 unsecured, listed, rated, non-cumulative, redeemable, non-convertible, taxable, debentures (NCD) for face value 1 lakh each for total size at par 935.61 cr.
The NCDs were issued on private placement basis at an interest rate of 7.58% payable annually to identified investors.
BPCL Said, the first interest payment will be made on March 17, 2024 and again on March 17, 2025 and the last interest payment on March 17, 2026.
These NCDs will be listed on the Debt Market Segment of BSE Limited and National Stock Exchange of India Limited.
The tenure of the NCD is 3 years and it will mature on March 17, 2026. The company will make bullet repayment on the maturity date.
On Friday, the company appointed G Krishnakumar as the chairman and managing director of the company with effect from March 17. He is currently working as Executive Director in BPCL.
Gopalan was at the genesis of BPCL’s pioneering work in revolutionizing the downstream fuel retail industry in the country, spearheading the organization’s customer-centric efforts in convenience retailing and premium fuels, in a way heralding BPCL’s digital age at the turn of the century. Started it. Using Customer Relationship Management (CRM) and Loyalty, a first in the Indian Oil Industry.
BPCL share price on BSE 351.45 Broadly flat but in the green compared to previous close 350.90 each. The company’s market cap remained at 76,238 crores.
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