CESC Limited announced today, August 5, 2026, the approval by its Board of Directors committee for the allotment of 25,000 Secured, Unlisted, Redeemable, Rated Non-Convertible Debentures. These debentures, each with a face value of Rs. 1,00,000/-, aggregate to Rs. 250 Crore. The allotment was made on a private placement basis to Axis Bank Limited.
CESC Limited Approves Debt Securities Allotment
In a significant move to bolster its capital structure, CESC Limited has announced the approval for the allotment of debt securities. This decision was made by a Committee of the Board of Directors during a meeting held on August 5, 2026.
Key Details of the Allotment
The company has approved the issuance and allotment of 25,000 Secured, Unlisted, Redeemable, Rated Non-Convertible Debentures (NCDs). Each NCD carries a face value of Rs. 1,00,000/-, resulting in a total aggregate value of Rs. 250 Crore. This issuance has been structured as a private placement.
Allottee and Placement Basis
The NCDs have been allotted to Axis Bank Limited, whose registered office is located at “Trishul” – 3rd Floor, Opp. Samartheswar temple, Near Law Garden, Ellisbridge, Ahmedabad – 380006. This placement follows previous communications on July 29, 2026, and August 3, 2026, regarding the proposed debt financing.
Source: BSE
