Vipul Ltd approves terms for NCD issue

The Debenture Committee of the Board of Directors of Vipul Ltd at its meeting held on September 19, 2015, inter alia, have approved the terms in connection with the proposed issue of Debt Instrument on private placement.

The Shelf Disclosure Document for issuance of Non-Convertible Debentures (NCD), on private placement basis, aggregating to Rs. 32 Crores (face value of Rs. 10,00,000/- each ) in one or more tranches on the terms including Secured, Rated, Redeemable, Listed.

The Tranche-I Disclosure Document for issuance of Non-Convertible Debentures (NCD), on private placement basis for Rs. 12,00,00,000/- (face value of Rs 10,00,000/- each) on the above terms.

The Issue of Tranche-I will open September 22, 2015 and will close on September 23, 2015.

Shares of VIPUL LTD. was last trading in BSE at Rs.45.6 as compared to the previous close of Rs. 46.25. The total number of shares traded during the day was 46288 in over 1208 trades.

The stock hit an intraday high of Rs. 47 and intraday low of 45.6. The net turnover during the day was Rs. 2143096.

Source : Equity Bulls

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