Ashiana Housing Ltd approves isue of debt security to raise upto Rs. 250 crores

The Board of directors of Ashiana Housing Ltd in its meeting held on today, apart from transacting the routine items, has taken decision on the issuance of Secured/Unsecured Non-Convertible Debentures / Bonds or any other debt security or any combination thereof upto Rs. 250 crores subject to approval of shareholders. This will supersede the permission for issue of Non-Convertible Debentures / Bonds or any other debt security or any combination thereof given by the shareholders in their Annual General Meeting held on 28th August, 2017.

The company has fixed 12th January, 2018 as 'Cut-off Date' for the purpose of taking record of the shareholders entitled to cast their vote by e-voting and postal ballot in terms of the decision of the Board of directors of the company to seek approval from shareholders for the issue of Non-Convertible Debentures / Bonds or any other debt security.

Shares of ASHIANA HOUSING LTD. was last trading in BSE at Rs.187.2 as compared to the previous close of Rs. 183.4. The total number of shares traded during the day was 27776 in over 471 trades.

The stock hit an intraday high of Rs. 187.25 and intraday low of 181.4. The net turnover during the day was Rs. 5144083.

Source : Equity Bulls

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