Alpha Tribe

Ashoka Buildcon LimitedImportant, 28-03-2025: Updates

28-03-2025 · 05:55 pm

Ashoka Buildcon Limited has confirmed the timely payment of interest on its Senior, Unsecured, Redeemable, Non-convertible Debentures (NCDs) listed on the Wholesale Debt Segment of BSE Limited. The interest for Series I, II, and III NCDs, each carrying an interest rate of 8.75%, was paid on March 28, 2025. This efficient payment operation reflects the company's commitment to fulfilling its financial obligations, enhancing its credibility among investors. The consistency in honoring debt commitments may strengthen investor confidence and potentially support future fundraising efforts. Shareholders should view this development positively as it indicates a stable cash flow position.

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