JMC Projects raises Rs75 crore fund through NCDs

18 Oct 2022 , 09:47 AM

The Management Committee of the Board of Directors of JMC Projects (India) Limited at its meeting held on October 17, 2022 has allotted 750 Repo Rate, Unsecured, Rated, Listed, Redeemable Non-Convertible Debentures of the face value of Rs.10,00,000/- (Rupees Ten Lakh Only) each.

As per the filing, the NCDs has been allotted for an aggregate nominal value of Rs75,00,00,000/- (Rupees Seventy Five Crore Only) divided in Series A Debentures (375 Nos.) and Series B Debentures (375 Nos.) on private placement basis.

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

On  Tuesday, at around 9:50 AM, JMC Projects (India) Ltd is currently trading at Rs107.45 per share up by Rs1.45 or 1.37% from its previous closing of Rs106 per share on the BSE.

For feedback and suggestions, write to us at [e-mail]