Ashoka Buildcon Limited — QIP/Rights/Pref., 26-12-2024: Issue of Securities

Ashoka Buildcon Limited has issued Commercial Papers (CPs) totaling Rs. 50 Crore, with a tenure of 90 days. The CPs, which are unsecured, carry a coupon interest of 8.40%, with principal repayment on maturity set for March 26, 2025. This issuance aligns with the board's previous approval for up to Rs. 200 Crore in CPs outstanding. The upfront interest payment structure does not entail any special rights or privileges attached to the instrument, and currently, there are no outstanding commercial papers.