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<\/span><\/figcaption><\/figure>Kolkata: Indus Towers<\/a>’ board on Friday approved raising funds through issuance of non-convertible debentures (NCDs) of up to Rs 1,500 crore in multiple tranches on private placement basis.

“The board-constituted committee of directors for fund raising in its meeting held today, has, inter alia, approved the offering of NCDs of total up to Rs 1,500 crore (base issue size of Rs 1,000 crore and green shoe option of up to an additional Rs 500 crore) in three series, on private placement basis,” Indus said in a late Friday evening exchange filing.

At Indus’s second quarter earnings call last month, CFO Vikas Poddar had said that the company is raising funds via issuance of NCDs as it’s classified as a large corporate, and is accordingly, required to comply with a provision of raising a minimum 25% of its incremental long-term borrowing by way of debt securities. He had added that the money would be used for investment towards the company’s growth and funding capex needs.

\"Vodafone<\/a><\/figure>

Vodafone Idea to issue debentures worth Rs 1,600 crore to ATC Telecom<\/a><\/h2>

VIL is raising the amount through equity convertible debt bonds that carry a coupon rate of 11.2 per cent per annum payable every six months during its term.<\/p><\/div>

\"\"
<\/span><\/figcaption><\/figure>Kolkata: Indus Towers<\/a>’ board on Friday approved raising funds through issuance of non-convertible debentures (NCDs) of up to Rs 1,500 crore in multiple tranches on private placement basis.

“The board-constituted committee of directors for fund raising in its meeting held today, has, inter alia, approved the offering of NCDs of total up to Rs 1,500 crore (base issue size of Rs 1,000 crore and green shoe option of up to an additional Rs 500 crore) in three series, on private placement basis,” Indus said in a late Friday evening exchange filing.

At Indus’s second quarter earnings call last month, CFO Vikas Poddar had said that the company is raising funds via issuance of NCDs as it’s classified as a large corporate, and is accordingly, required to comply with a provision of raising a minimum 25% of its incremental long-term borrowing by way of debt securities. He had added that the money would be used for investment towards the company’s growth and funding capex needs.

\"Vodafone<\/a><\/figure>

Vodafone Idea to issue debentures worth Rs 1,600 crore to ATC Telecom<\/a><\/h2>

VIL is raising the amount through equity convertible debt bonds that carry a coupon rate of 11.2 per cent per annum payable every six months during its term.<\/p><\/div>