Lancor Holdings Ltd raises Rs. 52.06 crores through NCDs

The Banking Finance and Operations committee of Lancor Holdings Ltd in its meeting dated 6th June, 2024, has approved the allotment of 5206 Non-Convertible Debenture (NCDs) to the applicant totally aggregating to Rs. 52,06,00,000/- (Fifty Two crores Six lacs only) with a Face value of Rs.1,00,000/- (Rupees One Lakhs Only) each on private placement basis at the interest rate of 16.5% for repaying within 12 Quarterly installments post the Principal moratorium period of 4 Quarters (12 months) from the date of allotment of the Debentures.

The paid up share capital of the Company Pre and post allotment of NCDs is Rs. 14,59,91,120/- consisting of 7,29,95,560 equity shares of Rs. 2/ - each fully paid-up.

Shares of LANCOR HOLDINGS LTD. was last trading in BSE at Rs. 41.62 as compared to the previous close of Rs. 41.90. The total number of shares traded during the day was 13756 in over 198 trades.

The stock hit an intraday high of Rs. 42.50 and intraday low of 40.36. The net turnover during the day was Rs. 571406.00.

Source : Equity Bulls

Keywords

LANCORHOLDINGS INE572G01025 Realty FundRaising NCDs