IVRCL Infrastructures to issue NCDs worth Rs 15 crores

IVRCL Infrastructures & Projects Ltd has announced that pursuant to Securities and Exchange Board of India (Issue and Listing of Debt securities) Regulations, 2008 the Company issued 150 Un-Secured Redeemable Non-convertible Debentures of Rs. 10,00,000/- for cash at par aggregating to Rs. 15 Crores to two Banks viz. State Bank of Indore (Rs. 10 crores) and State Bank of Mysore (Rs. 5 crores), with a coupon rate of 8.75% p.a. repayable at the end of 15 months and to be listed on National Stock Exchange Ltd. (NSE). The Debentures have been allotted on September 30, 2009.

The stock closed the day at Rs.387.25, down by Rs.4.35 or 1.11%. The stock hit an intraday high of Rs.395.50 and low of Rs.383.30.

The total traded quantity was 168618 compared to 2 week average of 379034.

Source : Equity Bulls

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