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Ashiana Housing has informed the bourses that the Executive Committee of the Directors of the company has allotted secured, non-convertible debentures on private placement basis for an aggregate amount of ₹100 crore.
The tenor of the NCDs is five years and the rate of interest 10.15 per cent. Interest will be paid on quarterly basis. The NCDs will be will listed on the BSE.
The stock of Ashiana Housing closed at ₹158.65 on the BSE, down 1.58 per cent or ₹2.55, from its closing on the previous day.
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