Arihant Superstructures redeems Rs 70 crore secured debentures
ARIHANTSUP · price
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Arihant Superstructures redeemed 70 lakh secured, non-convertible debentures of Rs 100 each, worth Rs 70 crore. The holder received Rs 75,34,42,784 toward full repayment, and the trustee approved release of security linked to the Arihant Adarsh, Aayan and Aaradhya projects.
Reduces debt and releases security over project assets, potentially improving financial flexibility. The repayment funding source is not disclosed.