Dilip Buildcon has raised Rs 100 crore through rated, senior, secured, listed, redeemable, non-convertible debentures (NCDs) and allotted 1000 NCDs having face value of Rs 10 lakh each in dematerialized form, bearing a coupon rate 8.75 % p.a. annualized to identified investors on private placement basis.
The debentures committee of directors of the company in its meeting held on May 29, 2020 has allotted and approved 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.
