New Delhi, Apr 27: IT firm Coforge Ltd, formerly NIIT Technologies, on Tuesday said 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 (WDM) segment of BSE, the company added.
(PTI)
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