Purshottam Investofin Ltd Approves Issuance of Rs 30 Crore Unsecured NCDs

Purshottam Investofin Ltd has approved the issuance of 30 unsecured, unrated, unlisted, redeemable Non-Convertible Debentures (NCD) of face value of Rs 1,00,00,000 each, amounting to Rs 30,00,00,000 on a Private Placement Basis. The tenure of the NCDs is 18 months from the date of allotment. The Investor has the right to exercise a Put Option after completion of 6 months from the Deemed Date of Allotment, and thereafter on a monthly basis.