BPCL planning to raise Rs 2,000 crore via NCDs
21st Feb 2019

Bharat Petroleum Corporation (BPCL) is planning to raise funds up to Rs 2,000 crore during the current financial year through private placement of unsecured Non-Convertible Debentures (NCDs) subject to market conditions.

The debentures are proposed to be listed on Debt Market segment of the BSE and NSE. The details of the issue namely, class of investors, issue price, tenor, interest rate etc. will depend on the market conditions which will be intimated on crystallization of the issue.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.