Vipul Ltd approves raising debt

The Debenture Committee of the Board of Directors of Vipul Ltd at its meeting held on November 23, 2015 have accorded their consent on the proposed issue of Tranche / Secries-3 of the Debt Instrument on private placement.

The Board approved the Information Memorandum for Tranche / Series-3 of the Secured, Rated, Listed, Redeemable, Non-Convertible Debenture of Rs. 10,00,00,000/- (Rupees Ten Crore only)

The Board approved the Tranche / Series-3 Disclosure Document (read with Shelf Prospectus) for issuance of Non-Convertible Debentures (NCD), on private placement basis for Rs. 10,00,00,000/- (face value of Rs 10,00,000/- each) on the terms including Secured, Rated, Redeemable, Tenure; Listed.

The Issue of Tranche / Series-3 will open and close on November 27, 2015.

The Board approved obtaining ISIN for admission of the above said issue with the depositories and listing of the aforesaid securities subsequent to allotment of the same.

Shares of VIPUL LTD. was last trading in BSE at Rs.60.15 as compared to the previous close of Rs. 61. The total number of shares traded during the day was 19600 in over 37 trades.

The stock hit an intraday high of Rs. 61 and intraday low of 60.15. The net turnover during the day was Rs. 1195270.

Source : Equity Bulls

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