Dilip Buildcon raise Rs 100 crore through allotment of NCDs

Dilip Buildcon has raised Rs 100 crore through the allotment of non-convertible debentures (NCDs) on a private placement basis.

In a filing at the BSE, Dilip Buildcon said, “The debenture committee of directors has allotted 1,000 rates, senior, secured, listed redeemable, NCDs, the rupee-denominated face value of Rs 10,00,000 at par aggregating to Rs 100 crore in dematerialized form, bearing a coupon rate 8.75 percent per annum annualized to identified investors on private placement basis.

“The debentures are proposed to be listed on BSE,” the filing said.