Anant Raj has partially redeemed 50% of face value i.e. Rs 5 lakh of 1,750 Non Convertible Debentures (NCDs) of Rs 10 lakh each on due date i.e. December 14, 2012. The total amount of redemption is Rs 87.50 crore. The face value of each NCD after the said redemption has been reduced from Rs 10 lakh to Rs 5 lakh.
Anant Raj is armed with one of the largest land banks in the region and is in the process of building an array of Special Economic Zones (SEZs), IT Parks, Hotels, Commercial Complexes, Malls, Residential / Service Apartment and other infrastructure projects.
