Ashoka Buildcon has informed that the Committee of the Board of Directors at its meeting held today i.e. 27th December, 2018, approved the allotment of 1,500 Un-Secured, Redeemable, Listed, Rated Non-Convertible Debentures of the face value of Rs10,00,000 aggregating Rs150,00,00,000 on a private placement basis. The Coupon Rate is 9.80% p.a., payable annually. The Company will use the proceeds for refinancing of existing debt, capital expenditure, long term working capital and for general corporate purposes. The Company proposes to get the Debentures listed on WDM Segment of BSE Limited in the prescribed time.
The above information is a part of company’s filings submitted to BSE.