IVRCL Infrastructures issues Secured Redeemable Non-convertible Debentures

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 1050 Secured Redeemable Non-convertible Debentures of Rs. 10,00,000/- each for cash at par, aggregating to Rs. 105 Crores to eight Banks, with a coupon rate of 8.85% p.a. payable yearly, repayable at the end of 17 months and to be listed on National Stock Exchange Ltd. (NSE). The debentures have been allotted on November 27, 2009.

The stock was trading at Rs.379.55, up by Rs.8.15 or 2.19%. The stock hit an intraday high of Rs.387 and low of Rs.368.55.

The total traded quantity was 299059 compared to 2 week average of 371231.

Source : Equity Bulls

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