ALPHA TRIBE

Ashoka Buildcon LimitedQIP/Rights/Pref., 27-02-2025: Issue of Securities

27-02-2025 | 04:46 pm

Ashoka Buildcon Limited has issued Commercial Papers (CPs) amounting to ₹50 Crore, maturing in 89 days on May 26, 2025. The CPs have an interest rate of 8.20%, with interest paid upfront and principal due at maturity. This issuance is part of a broader approval for CPs of up to ₹200 Crore, allowing the company to manage short-term funding needs. The CPs are unsecured and hold no special rights or privileges. No outstanding CPs are recorded prior to this issuance.

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