Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
CESC to raise ₹300 cr via NCDs
Mint Mumbai
|September 25, 2025
Power utility CESC Ltd on Wednesday announced that its board has approved the raising of ₹300 crore through nonconvertible debentures (NCDs) on a private placement basis.
-
The company will be issuing 30,000 NCDs which are redeemable, senior, secured, rated, and unlisted. These will be of ₹1 lakh each at par of three years, carrying a floating coupon rate linked to the three-month Treasury Bill rate plus 2.30% per annum, it
This story is from the September 25, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Jaishankar urges more South-South trade, tech tie-ups
External affairs minister S. Jaishankar has urged countries in the Global South to reduce dependence on any single supplier or market by building resilient supply chains, alongside promoting fair economic practices, and boosting South-South trade and technology collaborations.
1 min
September 25, 2025
Mint Mumbai
OfBusiness arm picks JP Morgan to raise $150 million
xyzo Financial Services, the lending arm of B2B e-commerce startup OfBusiness, has appointed JP Morgan to raise up to $150 million in primary capital, two people familiar with the matter said.
1 mins
September 25, 2025
Mint Mumbai
PhonePe files for IPO to raise up to ₹12,000 cr
US retailer Walmart Inc.-owned Indian payments firm PhonePe has filed draft papers for an initial public offering (IPO) via the confidential pre-filing route, the fintech said in a statement on Wednesday.
1 min
September 25, 2025
Mint Mumbai
Govt set to refresh solar booster scheme
The government is working on a new incentive scheme to boost production of wafers and ingots, key sub-components that go into making solar photovoltaic (PV) modules, amid choked supplies from China, three people with knowledge of the matter said.
2 mins
September 25, 2025
Mint Mumbai
India considers US blueprint to forge new trade deal with Japan
India is set to pursue a new trade deal with Japan seeking greater market access modelled on the East Asian giant’s pact with the US, as New Delhi seeks to correct the trade gap with its longtime partner, said two people aware of the development.
2 mins
September 25, 2025
Mint Mumbai
Large exposure rule begins to squeeze corporate lending
A six-year-old Reserve Bank of India (RBI) rule meant to keep a check on banks’ lending to large corporate groups is once again causing heartburn for lenders.
3 mins
September 25, 2025
Mint Mumbai
New highway builders may toll older parallel roads too
Highway developers winning new projects may also be allowed to operate older parallel roads and charge tolls on them, in an effort to reduce toll leakage and attract more investors.
2 mins
September 25, 2025
Mint Mumbai
Govt unwraps $8 bn outlay to buoy ports, shipping
India is setting sail on its biggest maritime bet yet, with the Union cabinet on Wednesday unveiling an incentive package of ₹69,725 crore or about $8 billion for the shipping and ports industry.
3 mins
September 25, 2025
Mint Mumbai
Anti-dumping duty could slightly help Teflon maker GFL
The Directorate General of Trade Remedies has recommended a five-year anti-dumping duty of $2.8-5.9 per kg on Chinese and Russian imports of a high-performance _ plastic used in making Teflon nonstick cookware.
1 mins
September 25, 2025
Mint Mumbai
Makhana to millets, snack makers tap into mindful munching
Urban Indians’ appetite for healthier snacking is growing—and no food is off limits as snack-makers race to cash in on the trend.
3 mins
September 25, 2025
Listen
Translate
Change font size