Earlier this month, the company had raised an aggregate of 468 million rupees selling zero-coupon bonds, one maturing in April 2026 and the other in February 2027 at a yield of 12.06% and 12.13%, respectively. ($1 = 82.4030 Indian rupees) (Reporting by Dharamraj Dhutia Editing by)
MUMBAI, March 23 (Reuters) - India's Ecap Equities plans
to raise 1.50 billion rupees ($18.20 million) each through sale
of zero-coupon bonds maturing in three years and in three years
and 11 months, two merchant bankers said on Thursday.
The company has invited bids from investors and bankers for
both the bond issuances later in the day, they said.
The bonds are rated AA by CRISIL, and the issues will be
settled on Friday.
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