Ashoka Buildcon to allot NCDs aggregating Rs 150 cr
On private placement basis
Ashoka Buildcon announced that the Committee of the Board of Directors at its meeting held on 27 December, 2018, approved the allotment of 1,500 (One Thousand Five Hundred) Un-Secured, Redeemable, Listed, Rated Non-Convertible Debentures (the 'Debentures') of the face value of Rs.10,00,000 aggregating Rs.150 crore on a private placement basis. The Coupon Rate is 9.80% p.a., payable annually. The Company will use the proceeds for refinancing of existing debt, capital expenditure, long term working capital and for general corporate purposes.Powered by Capital Market - Live News
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