Bharat Petroleum Corporation (BPCL), one of the largest public sector oil marketing companies is planning to raise up to Rs 30 billion during the current financial year 2021-22 through private placement of unsecured non-convertible debentures 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 viz., class of investors, issue price, tenor, interest rate etc. will depend on the market conditions which will be intimated on crystallization of the issue.

Shares of the company gained Rs 4.20, or 1.01%, to trade  at  Rs 421.95.  The total volume of shares traded  was 289,600 at  the BSE (3.31 p.m, Monday).