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TNPL redeems NCDs worth Rs 100 cr issued to LIC

By Religare

Tamil Nadu Newsprint and Papers (TNPL) said that it has redeemed the NCDs amounting Rs 100 crore issued to LIC.

"The Non-Convertible Debentures - Series I (100 Crore) raised by way of Private placement Basis from Life Insurance Corporation of India (LIC) and Listed on Bombay Stock Exchange (BSE) were fully redeemed on June 30, 2015," the company said in a filing to the Bombay Stock Exchange.

The company had earlier raised Rs 100 crore through issuance of Non-Convertible Debentures (NCDs) - Series I by way of private placement basis from Life Insurance Corporation of India (LIC).


The NCDs were listed on Bombay Stock Exchange (BSE) and fully redeemed on June 30, 2015 and there is no outstanding in respect of principal as well as interest on the subject security.

TNPL manufactures products such as ultra white maplitho, elegant maplitho, hi-tech maplitho, creamwove, copy crown and copier.

Meanwhile, shares of the company were trading at Rs 211.20 a piece, up 1.39 per cent from the previous close at 10:39 hours on BSE.

Story first published: Thursday, August 6, 2015, 12:20 [IST]
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