FCI raises ₹8,000 crore on BSE BOND platform

Date posted: Wednesday 11 December 2019

State-run Food Corporation of India (FCI) on Tuesday raised ₹8,000 crore through issue of bonds on private placement basis on BSE’s electronic book mechanism platform. FCI, the government’s nodal agency to procure and distribute food grains, has been raising funds through bonds to purchase wheat and rice from farmers at minimum support price (MSP).

(Live Mint)