ASHOKA BUILDCON LTD. - Issue of Non-Convertible Debentures

Ashoka Buildcon Ltd has informed BSE that Committee of Board of Directors of the Company approved the allotment of 1,500 (One Thousand Five Hundred) Rated, Redeemable, Non-Convertible Debentures (the Debentures) of the face value of Rs. 10,00,000/- (Rupees Ten Lacs only) aggregating Rs. 150,00,00,000/- (Rupees One Hundred and Fifty Crore only) on a private placement basis on October 31, 2014. The Coupon Rate is 10.31% p.a. Company will utilise the proceeds for refinancing of existing debt and general corporate purposes. <br/><br/>The Company proposes to get the Debentures listed on WDM Segment of BSE Limited in the prescribed time.