Ashoka Buildcon Limited — QIP/Rights/Pref., 28-11-2024: Allotment of Securities

Ashoka Buildcon Limited has issued Commercial Papers (CPs) amounting to ₹50 Crore. The CPs have a tenure of 88 days, maturing on February 24, 2025, with an interest rate of 8.35% payable upfront. The Board approved the issuance of CPs totaling up to ₹200 Crore in one or more tranches. These CPs are unsecured, and there are no existing amounts of outstanding commercial papers as of now.