Kalpataru Power Transmission has received an approval for issuance of Listed Rated Unsecured Redeemable Taxable Non-Convertible Debentures (NCDs) of Rs 1 billion on private placement basis. The Executive Committee of Board of Directors of the company at its meeting held on May 24, 2017 has approved for the same.

The company will issue 1,000 NCDs of Rs 10 lakh each. The NCDs will be listed on the wholesale debt market of BSE. The tenure of the NCDs will be for a period of 5 years and the date of maturity will be May 25, 2022.

Total volume of shares traded on the bourses today was lower by 95.57% to 5,432 compared with 22-day average volume of 122,620.

Shares of the company gained Rs 0.3, or 0.09%, to trade at  Rs 344.00.  The total volume of shares traded  was  780 at the BSE (10.14 a.m., Thursday).