Wednesday, 12 November 2014

Janashakthi Rs. 1 b debenture issue closed

Janashakthi Ltd’s Rs. 1 billion debenture issue has been closed following an oversubscription on its official opening day yesterday.

The company offered 5 million rated, senior, unsecured, redeemable debentures of Rs. 100 each with an option to issue a further five million in the event of an oversubscription of the original amount.

Janashakthi said the issue was oversubscribed as it had received applications in excess of Rs. 1 billion. The basis of allotment and final status of applications received will be revealed in due course.
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