NLC India to raise Rs 500 crore through bonds
31st Jul 2020

NLC India has decided to raise Rs 500 crore (with a base issue size of Rs 125 crore and Green Shoe Option to retain oversubscription upto Rs 375 crore. Green Shoe Option is reserved for BHARAT BOND ETF by NLC India) through private placement of Unsecured, Noncumulative, Non-Convertible, Redeemable, Taxable Bonds (Series II of 2020) in the nature of Debentures at a coupon of 5.34% p.a.

NLC India is engaged in the business of lignite mining and power generation.