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.

Related Vascon Engineers Ltd. Links:

Vascon Engineers Share Price

15.75 -0.10 (-0.63%) May 17, 16:07
1 Year Price Chart
Company Name CMP
Larsen & Toubro 1386.85
Rail Vikas Nigam 29.35
KEC International 390.60
NCC 79.15
PNC Infratech 233.25
View more..
Sensex vs Vascon Engineers
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323