Investment11 Mar 2026, 08:07 pm
Arihant Foundations & Housing Ltd. Allots NCDs Worth ₹ 110 Crores
AI Summary
Arihant Foundations & Housing Ltd. has approved the allotment of 110 Unlisted, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) worth ₹ 110 Crores on a private placement basis. The NCDs have been allotted to a private limited company. The NCDs have a tenure of 48 months and will be redeemed at par. The NCDs have been issued in compliance with the provisions of the Companies Act, 2013 and applicable rules made thereunder.
Key Highlights
- Arihant Foundations & Housing Ltd. allots NCDs worth ₹ 110 Crores
- NCDs allotted to a private limited company
- NCDs are unlisted, unsecured, redeemable, and non-convertible
- NCDs have a tenure of 48 months
- NCDs will be redeemed at par