Kalpataru Projects Secures Board Approval for INR 200 Cr Fundraise via NCDs

Kalpataru Projects Greenlights ₹200 Cr NCD Issuance Kalpataru Projects International announced that its board has approved a plan to raise up to ₹200 crore through the issuance of non-convertible debentures (NCDs) via private placement.

Details of the NCD Issuance

In a regulatory filing with the Bombay Stock Exchange (BSE), Kalpataru Projects revealed its intention to issue 20,000 NCDs, each valued at ₹1,00,000, bringing the total issuance to ₹200 crore. The issuance has been structured as unsecured, rated, and redeemable non-convertible debentures.

BSE Listing Planned in Debt Market Segment

The NCDs will be listed on the Wholesale Debt Market Segment of BSE Ltd., as outlined in the BSE filing. Kalpataru Projects shared that the ₹200 crore issuance may be released in one or more tranches to accommodate market demand.