Himachal Futuristic plans NCD issue

Himachal Futuristic Communications has informed the exchanges that a meeting of the debentures allotment committee of its board of directors will be held on June 2. The meeting will consider and approve the allotment of 10.30 per cent, 4.23 lakh secured, unlisted, non-convertible debentures of the company of ₹100 each, aggregating to ₹4.23 crore on private placement basis by way of conversion of outstanding right of recompense amount payable to the bank. Shares of HFCL edged down 0.38 per cent at ₹12.95 on the BSE.