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Naiknavare Profile Constructions Pvt Ltd - Compliances-Reg. 50 (2) - Intimation to Exchange about Intention to raise Funds

| Updated on July 23, 2019

Pursuant to Regulation 50 (2) of SEBI (LODR) Regulations, 2015, we are intimating to stock exchange about the intention of the Company to raise the funds by:
1. Issue and allotment of the last tranche consisting of 55 Non-convertible Debentures (NCDs) of Rs. 1,000,000 (Rupees Ten Lakh) each aggregating to Rs. 55,000,000 (Rupees Five Crore and Fifty Lac) on a private placement basis initially issued on 19th December, 2017.
2. Issue of additional of 100 (One Hundred) Secured, Rated, Freely Transferable, Redeemable, Non-convertible Debentures (NCDs) of Rs. 1,000,000 (Rupees Ten Lakh) each aggregating to Rs. 100,000,000 (Rupees Ten Crore) on a private placement basis.

Company intends to issue it to the Existing Debenture Holder i.e. ASK Real Estate Special Situation Fund - I
Proposed date of the meeting for issue and allotment is 29.07.2019 and 30.07.2019 respectively.

We request you to kindly bring the above information to the notice of your members.

Pdf Link: Naiknavare Profile Constructions Pvt Ltd - Compliances-Reg. 50 (2) - Intimation to Exchange about Intention to raise Funds

Source : BSE - www.bseindia.com

Published on July 23, 2019

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