ALPHA TRIBE

Ashoka Buildcon LimitedQIP/Rights/Pref., 26-06-2025: Issue of Securities

26-06-2025 | 05:26 pm

Ashoka Buildcon has issued unsecured Commercial Papers worth Rs.50 Crore at a coupon rate of 7.60% for 89 days. The CPs were allotted on June 26, 2025, and will mature on September 23, 2025, with interest paid upfront and principal on maturity. The company’s board approved a total CP issuance limit of Rs.200 Crore outstanding at any time. The proceeds are generally used for short-term funding needs; no special rights or security are attached to these CPs.

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