PCBL Ltd has approved the allotment of 70,000 rated, listed, secured, redeemable, non-convertible debentures on a private placement basis, with a face value of ₹1,00,000 each, aggregating to ₹700,00,00,000. The debentures will be listed on BSE Limited and have a tenure of 5 years with an annual coupon rate of 8.79%.