MoneyWorks4Me

Dilip Buildcon planning to raise Rs 600 crore via private placement

19 Dec 2017 Evaluate

Dilip Buildcon is planning to issue and allot 8.90% 6000 non-convertible debentures with a face value of Rs 10 lakh each issued at par aggregating to Rs 600 crore, on a private placement basis. The meeting of Board of Directors of the company is scheduled to be held on December 25, 2017, to consider and approve the same.

Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.

Peers
Company Name CMP
Lodha Developers 1130.15
Prestige EstatesProj 1464.05
Dilip Buildcon 408.55
DLF 670.55
Oberoi Realty 1850.00
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