[ad_1]
Varroc Engineering Ltd informed the stock exchange of the allocation of 3,750 rated, listed, guaranteed, redeemable and non-convertible debentures with a nominal value of Rs10 lakh each totaling Rs375cr on the basis of a private placement.
The company has informed that the Finance Committee of the Board of Directors of September 17, 2021 approved the allocation of:
- 1,250 listed non-convertible collateralized debentures with a face value of Rs10 lakh each totaling Rs125cr.[“Option – I Debentures”]; and
- 2,500 listed non-convertible collateralized debentures with a nominal value of Rs10 lakh each totaling Rs250cr [“Option – II Debentures”]; to investors identified by the Committee at its meeting on September 16, 2021.
VEL Option I debentures: September 17, 2022 and June 17, 2023
VEL Option II debentures: September 17, 2022 and September 17, 2023
Date of grant : September 17, 2021 Redemption date: Option I debentures: June 17, 2023 Option II debentures: September 17, 2023.
At around 1:19 p.m., Varroc Engineering was trading at Rs 304.40 per coin, up Rs 1.55 or 0.51% on Sensex.
[ad_2]
Source link
