JMC Projects India allots NCDs for Rs100 crore; Stock rallies over 3.5%

The Management Committee of the Board of Directors of JMC Projects (India) Limited at its meeting held on November 04, 2022 has allotted 1000 Repo Rate, Unsecured, Rated, Listed, Redeemable Non-Convertible Debentures.

As per the filing, the allotted NCDs is having face value of Rs10,00,000/- (Rupees Ten Lakh Only) each, for an aggregate nominal value of Rs100,00,00,000/- (Rupees One Hundred Crore Only) divided in Series A Debentures (500 Nos.) and Series B Debentures (500 Nos.) issued on private placement basis.

The said NCDs will be listed on Wholesale Debt Market Segment of BSE Limited, the company mentioned in the  regulatory filing on Friday.

At around 12:46 PM, JMC Projects (India) Ltd is currently trading at Rs113.70 per share up by Rs3.95 or 3.6% from its previous closing of Rs109.75 per share on the BSE.

The scrip opened at Rs109.80 per share and has touched a high and low of Rs115.80 per share and Rs109.80 per share respectively so far today. The current market cap of the company is Rs1,842.76 crore.

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