Anant Raj partially redeems 50% of face value of 1,750 NCDs

Anant Raj, on due date i.e. March 14, 2013, has partially redeemed 50% of face value (i.e. Rs 2.50 lakh ) of 1750 Non Convertible Debentures (NCDs) of existing face value of Rs 5 lakh each.

Total amount of redemption is Rs 43.75 crore. The face value of each NCD after the said redemption has been reduced from Rs 5 lakh to Rs 2.50 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.