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Ashima Limited ( (IN:ASHIMASYN) ) has provided an announcement.
Ashima Limited has announced the allotment of 7,000 non-convertible debentures (NCDs) at a face value of Rs. 1,00,000 each, totaling Rs. 70 crore. These debentures are unlisted, secured, unrated, redeemable, and rupee-denominated, issued on a private placement basis. This move is part of the company’s strategy to raise funds as previously approved, with the debentures set to mature in nine years, offering a 7.50% annual interest. The issuance reflects Ashima Limited’s ongoing efforts to strengthen its financial position and secure capital for future growth, potentially impacting its market standing and stakeholder interests.
More about Ashima Limited
Average Trading Volume: 42,967
Technical Sentiment Signal: Hold
Current Market Cap: 4.77B INR
See more data about ASHIMASYN stock on TipRanks’ Stock Analysis page.