Vijay Shanthi Builder allots NCDs to IDFC Real Estate Fund

The Board of Directors of Vijay Shanthi Builders Ltd in its meeting held on July 1, 2014 have allotted 5000 non-convertible debentures of Rs. 100,000 each aggregating to Rs. 5000 lakhs on private placement basis to IDFC Real Estate Yield Fund against the private placement offer made vide offer document dated June 25, 2014 in terms of Sec 42 to the Companies Act, 2013.

These debentures shall carry an interest rate of 18.5% p.a. and shall be repayable over a period of 36 months, after an initial holiday period of 15 months from the date of allotment. These debentures are not marketable securities capable of being listed on any stock exchange. These debentures shall not be listed in any of the stock exchange and shall remain unlisted, but shall be transferable in terms of Companies Act, 2013 and rules made there under.

Shares of VIJAY SHANTHI BUILDERS LTD. was last trading in BSE at Rs.14.15 as compared to the previous close of Rs. 14.05. The total number of shares traded during the day was 9775 in over 85 trades.

The stock hit an intraday high of Rs. 14.75 and intraday low of 14.15. The net turnover during the day was Rs. 140923.

Source : Equity Bulls

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