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.

Related Ashoka Buildcon Ltd. Links:

Ashoka Buildcon Share Price

112.80 -0.60 (-0.53%) Feb 26, 18:55
1 Year Price Chart
Peers
Company Name CMP
Larsen & Toubro 1442.25
Rail Vikas Nigam 31.80
KEC International 430.40
NCC 89.05
PNC Infratech 269.30
View more..
Sensex vs Ashoka Buildcon
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback