Oriana Power to Raise ₹750 Million Through Issue of Debentures

Debentures will have an 11.65% coupon rate and a 48-month tenor

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Oriana Power has approved the issue and allotment of non-convertible debentures (NCD) aggregating to ₹750 million (~$9.04 million). The company will issue 7,500 rated, unlisted, senior, secured, redeemable, and transferable NCDs, each having a face value of ₹100,000 (~$1,205).

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