CESC approves Rs 3 billion NCD issue on private placement basis

CESC Limited has approved the issuance of 30,000 redeemable, senior, secured, unlisted, rated non-convertible debentures (NCDs) at Rs 100,000 each, aggregating Rs 3 billion through private placement. The NCDs will be allotted on September 26, 2025 with maturity on September 26, 2028. The coupon is linked to the 3-month treasury bill rate plus 2.3 per cent per annum, payable quarterly.