HCL Technologies Ltd (HCL), a leading global IT services provider, has successfully raised Rs 500 crore by way of debt through allotment of debentures.

The company officials stated in a communiqué that, it has allotted 5,000 non-convertible debentures (NCD) of face value Rs 10 lakh each, aggregating to Rs 500 crore.

Further, they stated that the NCDs would have a quarterly cut-off coupon rate of 8.80 per cent. The debentures have a maturity period of five years and would be listed on the Wholesale Debt Market segment of the National Stock Exchange.

The shares of Your browser may not support display of this image. HCL Technologies today ended with gain of 1 per cent at Rs 312 on BSE.