UP Power Corp raises Rs 6,510 cr on BSE Bond platform

Mumbai Feb 21 (IANS) Stock market major BSE on Tuesday reported that state-run Uttar Pradesh Power Corporation has raised Rs 6 510 crore worth of debt capital on its bond platform.

On February 16 2017 UP Power Corporation successfully raised a whopping Rs 6 510 crore the highest ever mobilisation of debt capital by a public sector unit on the BSE BOND platform the stock exchange major said in a statement.

According to the statement 313 issues of bonds by 58 issuers have successfully raised Rs 162 731 crore using the BSE Debt platforms during the financial year 2016-17 till February 20 2017.

BSE had on July 1 2016 launched the platform for Electronic Book Mechanism -- BSE BOND -- for the issuance of debt securities on private placement basis.

--IANS
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