By Wendy Van Sickle
Columbus, Ohio, Sept. 23 – Vipul Ltd.’s board of directors approved the allotment of Rs. 120 million of 19¼% secured redeemable nonconvertible debentures at par on Wednesday, according to a letter to the Bombay Stock Exchange seeking listing of the debentures.
The tranche 1 issue of the debentures was sold at par on a private placement basis to DMI Income Fund Pte. Ltd., the issuer said.
The real estate developer is based in New Delhi.
| Issuer: | Vipul Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 120 million
|
| Coupon: | 19¼%
|
| Price: | Par
|
| Yield: | 19¼%
|
| Investor: | DMI Income Fund Pte. Ltd.
|
| Announcement date: | Sept. 23
|
| Distribution: | Private placement
|
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