Dilip Buildcon has received its board’s approval for the proposal to raise Rs 600 crore by issuing Non Convertible Debentures (NCDs) on private placement basis. The company will issue and allot up to 6,000 non- convertible debentures of face value of Rs 10 lakh each in dematerialised form, bearing a coupon rate of 8.90 per cent payable at six months every year on a private placement basis.
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.
