Tata products ltd purchased a machinery worth Rs 12,00,000 from Hindustan Ltd .it was agreed that the purchase consideration of Rs 100000 was paid in cash and the balance to be paid by issuing 12% debentures of Rs 100 each at a premium of Rs 10 per debenture .Journalise the transaction
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The company issued 9,000 unsecured, redeemable, taxable, listed, rated NCDs worth Rs 900 crore on Tuesday, a BSE filing said.
The series-I debentures worth Rs 400 crore would mature on February 23, 2024, while series-II debentures of Rs 500 crore would mature on February 23, 2026, it said.
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