Ashiana Housing Limited has informed the Exchange regarding 'Allotment of Non- Covertible Debentures'.
ASHIANA · price
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Ashiana Housing Limited's Board has allotted 4,325 Un-Secured, Redeemable, Non-Convertible Debentures (NCDs) on private placement basis to Clover Technologies Private Limited. The NCDs have been issued at INR 1 lakh per debenture, aggregating to INR 43.25 crores. The debentures carry a 7% annual interest rate payable monthly, with a tenor of 20 years. These are listed debentures on BSE Limited. The issuance is a private placement deal with a single investor, Clover Technologies Private Limited.
This INR 43.25 crore NCD issuance provides debt capital to Ashiana Housing at a relatively low 7% rate, which could support the company's project funding or operational needs. The long 20-year tenor offers flexibility, and monthly interest payments make it manageable for the company.