Janashakthi Rs. 1 b debenture issue closed

Thursday, 13 November 2014 00:00 -     - {{hitsCtrl.values.hits}}

Janashakthi Ltd’s Rs. 1 billion debenture issue has been closed following an oversubscription on its official opening day yesterday. The company offered 5 million rated, senior, unsecured, redeemable debentures of Rs. 100 each with an option to issue a further five million in the event of an oversubscription of the original amount. Janashakthi said the issue was oversubscribed as it had received applications in excess of Rs. 1 billion. The basis of allotment and final status of applications received will be revealed in due course.