Repco Home Finance Ltd allots SRNCDs worth Rs. 100 crores

The Securities Allotment Committee of the Board of Directors of Repco Home Finance Ltd by circulation on July 3, 2017, has approved the allotment of 1000 Secured, Redeemable, Non-Convertible, Non-Cumulative Debentures (SRNCD) of face value of Rs.10,00,000 each aggregating to Rs.100 crore on private placement basis. The issue details are as follows:

Issue Size: Rs.100 crore
Mode of Issue: Private Placement
Tenor: 35 months
Date of Allotment : 03.07.2017
Date of maturity : 01.06.2020
Coupon: Annual (8.20%)
Rating of the Instrument: 'CARE AA'
Secured/Unsecured: Secured by book debts and pari-passu charge on immovable property
Listing : BSE Limited

Shares of REPCO HOME FINANCE LTD. was last trading in BSE at Rs.810.45 as compared to the previous close of Rs. 824.25. The total number of shares traded during the day was 10621 in over 1467 trades.

The stock hit an intraday high of Rs. 836 and intraday low of 806. The net turnover during the day was Rs. 8721092.

Source : Equity Bulls

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