Puravankara Ltd To issue NCDs Worth Rs 100 Cr

New Delhi: Realty firm Puravankara Ltd has approved the issuance of un-listed secured Non-Convertible Debentures (NCDs) of up to Rs 100 crore in two tranches. 

The date of maturity for the NCDs will be 36 months from the date of disbursement. The coupon/interest offered is 14 percent per annum payable monthly. There will be a one-year moratorium and then there will be 24 monthly installments, the company said in a regulatory filing. 

 

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