UNO Minda raises Rs 200 crore via NCDs
The NCD Committee of the Board of the company has approved the allotment of 20,000 NCDs having face value of Rs 1,00,000 each
UNO Minda has raised Rs 200 crore through Non-Convertible Debentures (NCDs). The NCD Committee of the Board of the company has approved the allotment of 20,000 Unsecured, Listed, Rated, Redeemable, Non-Cumulative, Taxable, NCDs having face value of Rs 1,00,000 each on Private Placement basis to the identified investor in first tranche in two series i.e., of Rs 100 crore (Series 1) and Rs 100 crore (Series 2) respectively.
Uno Minda is engaged in the business of manufacturing of auto components including auto electrical parts and its accessories and caters to both domestic and international markets.
