Vascon Engineers enters into term sheet with ICD Holders

09 Sep 2015

Vascon Engineers has entered into a term sheet with holders of Inter Corporate Deposits’ (ICD Holders) to convert existing loans of ICD Holders to an extent of Rs 68.61 crore, in to the Non Convertible Debentures (NCD’s) at a zero coupon rate, with a redemption premium of up to 14% per annum, which shall be based on the net sale proceeds of the securities provided by the company.

Vascon Engineers has significant experience in providing EPC services, which include, constructing factories, hospitals, hospitality properties, office and residential complexes, shopping malls, multiplexes, IT parks and other buildings.

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