Board of Dilip Buildcon approves private placement of NCDs aggregating Rs 600 cr

At meeting held on 25 December 2017

The Board of Dilip Buildcon at its meeting held on 25 December 2017 has approved the allotment of 6000 Non-Convertible Debentures in the form of Senior, Secured, Unlisted, Rated, Redeemable, rupee denominated face value of Rs.10,00,000/- each issued at par aggregating to Rs. 600 crore in dematerialized form, bearing a coupon rate of 8.90% payable semi -annually every year on a private placement basis and execution of the transaction documents for the issuance of said debt securities.

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