VIJAY SHANTHI BUILDERS LTD. - Outcome of Board Meeting
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| 02 Sep 2014 | |
| Vijay Shanthi Builders Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 28, 2014, have allotted 1,500 non-convertible debentures of Rs. 100,000/- each aggregating to Rs. 1,500 Lakh on private placement basis to IDFC Real Estate Yield Fund against the private placement offer made vide offer document dated June 25, 2014 in terms of Sec 42 to the Companies Act, 2013.<br/><br/>In this connection the Company hereby informs that these debentures shall carry an interest rate of 18.5% p.a. and shall be repayable over a period of 36 months, after an initial holiday period of 15 months from the date of allotment. These debentures are not marketable securities capable of being listed on any stock exchange. These debentures shall not be listed in any of the stock exchange and shall remain unlisted, but shall be transferable in terms of Companies Act, 2013 and rules made there under.<br/><br/>All other terms and conditions of these debentures shall be govern by the provisions contained in the Companies Act, 2013, Rules made there under, Memorandum and Articles of association of the Company, Private Placement document issued by the Company dated June 25, 2014 and Debenture Trust Deed signed by the Company with IL and FS Trust Company Limited Trustees appointed for the debenture issue and dated June 26, 2014. | |
| View all announcements for VIJAY SHANTHI BUILDERS LTD. | Source: BSE India |
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