{"id":19857,"date":"2022-01-31T22:23:56","date_gmt":"2022-01-31T16:53:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-kesoram-debt\/"},"modified":"2022-02-01T09:34:39","modified_gmt":"2022-02-01T04:04:39","slug":"biz-kesoram-debt","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-kesoram-debt\/","title":{"rendered":"Kesoram repays Rs 285 cr of outstanding debt"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-321827369\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Kolkata, Jan 31 (PTI) B K Birla Group flagship company Kesoram Industries on Monday said it has repaid Rs 285 crore of its outstanding debt.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2538024986\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The company had earlier repaid Rs 55 crore.<\/p>\n<p>The remaining outstanding debt is Rs 1,708 crore.<\/p>\n<p>\u201cThe primary objective of the rights was to retire debt. The unlisted Optionally Convertible Debentures of face value of Rs 293.87 crore were redeemed paying Rs 285 crore. The remaining NCDs and OCDs is now Rs 1708 crore,\u201d Kesoram CFO P Radhakrishnan said.<\/p><div class=\"trade-content_5\" id=\"trade-1102770721\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>The company had raised Rs 399 crore through a rights offer. The board has the approval to raise up to Rs 2500 crore to replace high cost borrowing Non-Convertible Debentures (NCDs) and Optionally Convertible Debentures (OCDs). PTI BSM   NN   NN<\/p>\n<div class=\"trade-after-content\" id=\"trade-126558537\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Kolkata, Jan 31 (PTI) B K Birla Group flagship company Kesoram Industries on Monday said it has repaid Rs 285 crore of its outstanding debt. The company had earlier repaid Rs 55 crore. The remaining outstanding debt is Rs 1,708 crore. \u201cThe primary objective of the rights was to retire debt. The unlisted Optionally Convertible [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-19857","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kesoram repays Rs 285 cr of outstanding debt - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-kesoram-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kesoram repays Rs 285 cr of outstanding debt\" \/>\n<meta property=\"og:description\" content=\"Kolkata, Jan 31 (PTI) B K Birla Group flagship company Kesoram Industries on Monday said it has repaid Rs 285 crore of its outstanding debt. 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