ARSS Infra Allots ₹250 Cr Preference Shares to Promoter
ARSS Infrastructure Projects Limited announced the allotment of 25,0,00,000 (Twenty-Five Crore) 0.01% Non-Convertible Non-Cumulative Redeemable Preference Shares (NCRPS) of ₹10/- each, aggregating to ₹250,00,00,000 (Rupees Two Hundred and Fifty Crore Only). The allotment was made on a private placement basis to Ocean Capital Market Limited, the company's promoter, on November 6, 2026. These NCRPS are unsecured, unlisted, and have a tenure of 22 months from the allotment date, with an expected maturity/redemption date of September 5, 2028. The redemption value will include the face value plus a redemption premium to provide an internal rate of return (IRR) of 12% per annum. The allotment was approved by the Share Allotment Committee.
Key Highlights
- ARSS Infra allotted 25 Cr preference shares worth ₹250 Cr.
- Allotment made to promoter Ocean Capital Market Limited.
- Shares are Non-Convertible, Non-Cumulative, Redeemable Preference Shares.
- Unlisted NCRPS carry a 0.01% dividend and 12% IRR on redemption.
- Maturity expected by September 5, 2028.
Price Impact
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