Lancor Holdings has raised Rs 52.06 crore through the allotment of 5206 Non-Convertible Debenture (NCDs) with a Face value of Rs 1 lakh each on private placement basis at the interest rate of 16.5% for repaying within 12 Quarterly installments post the Principal moratorium period of 4 Quarters (12 months) from the date of allotment of the Debentures.
The paid up share capital of the Company Pre and post allotment of NCDs is Rs 14.59 crore consisting of 7,29,95,560 equity shares of Rs 2 each fully paid-up. The Banking Finance and Operations committee of the Company in its meeting held on June 6, 2024, has approved the same.
Lancor Holdings is an India-based company. The Company is engaged in the construction and sale of residential properties, construction and leasing of commercial properties.
