| Update Regarding debt securities of Ashiana Landcraft Realty Private Limited |
In continuation to the Exchange Notice No.20161019-32 dated 19 October 2016, regarding securities of Ashiana Landcraft Realty Limited, Trading Members are requested to note that w.e.f. Friday,26 April, 2019 the following Scrip Code bearing following ISIN would be available for trading under the revised terms as below:
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Scrip Code: 950108
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Particulars
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Existing
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Revised
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ISIN
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INE509P08015
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INE509P08031
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Detail Name
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ALRPL-14%-X-28-4-23-PVT
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ALRPL-8%-X-28-4-23-PVT
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Coupon Rate
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9.25%
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10.65%
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Abbreviated Name
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14ALRPL23A
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8ALRPL23A
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Scrip ID
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14ALRPL23A
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8ALRPL23A
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Interest Rate
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14%
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8%
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Scrip Code: 950109
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Particulars
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Existing
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Revised
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ISIN
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INE509P08023
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INE509P08049
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Detail Name
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ALRPL-14%-Y-28-4-23-PVT
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ALRPL-8%-Y-28-4-23-PVT
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Coupon Rate
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9.25%
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10.65%
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Abbreviated Name
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14ALRPL23B
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8ALRPL23B
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Scrip ID
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14ALRPL23B
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8ALRPL23B
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Interest Rate
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14%
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8%
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Other Changes:
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DETAILS
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OLD
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REVISED
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Details of the utilization
of the proceeds / Objects
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The Issue proceeds shall be utilized by the Company for making payment of the refundable security deposit to Vatika Limited in terms of development agreement dated 21- Aug-2013 with respect to a parcel of land admeasuring 14.025 acres or thereabouts situated, lying and being at Village Harsaru, within the registration sub-district of Gurgaon.
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The issue proceeds have been utilized by the Company for payment of refundable security deposit to Vatika Limited in terms of the Development Agreement dated September 19, 2013 with respect to parcel of land admeasuring 14.025 acres or thereabouts situated, lying and being at Village Harsaru, within the registration sub-district of Gurgaon
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Coupon
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14% p.a. on IRR basis for the first four years.
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14% p.a. upto March 31, 2016 and 8% p.a. on or after April 01, 2016
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Other Terms
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NCD's shall be redeemed by the company at a redemption premium that shall provide an IRR of 22% (twenty Two percent) to the investors on the investment amount. The redemption premium shall accrue and payment to the investors on redemption.
NCD's shall be redeemed only after part redemption of Existing Debentures and subject to the terms of DTAA-OCD Coupon not exceeding Rs.20,00,00,000/- (Rupees Twenty crores) shall be paid to the Investors after the holders of existing debentures issued under the NCD - DTAA and OCD-DTAA has received an
amount that shall provide an IRR of 22% to them in terms of NCD-DTAA and OCD-DTAA. The Coupon shall be payable from the date the investment amount is paid by the Investor in the
Company.
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NCDs shall be redeemed by the Company at a redemption premium that shall provide an IRR of 20% (twenty percent) upto March 31, 2016 and an IRR of 18% (eighteen per cent) on or after April 01, 2016 to the Investors on the Investment Amount. NCDs shall be redeemed only after the Part Redemption of the Existing Debentures and subject to the terms of the DTAA-OCD. Coupon not exceeding Rs. 20,00,00,000 (Rupees Twenty Crores) shall be paid to the Investors after the holders of existing debentures issued under the NCD-DTAA and OCD-DTAA, has received an amount that shall provide an IRR in terms of NCDDTAA and OCD-DTAA. The Coupon shall be payable from the date Investment Amount is paid by the Investors in the
Company.
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Trading Members may contact the following Officials for further details if any:
Rupal Khandelwal
Manager
April 25, 2019 |