Poddar Housing and Development on Tuesday said that the Debenture allotment Committee at its meeting today approved the allotment of Secured, Redeemable, Non-Convertible Debentures (NCDs) worth Rs 100 crore. “The company has raised Rs 100 Crore by issue of NCD's on private placement basis,” Poddar Housing and Development said in a filing to the Bombay Stock Exchange.
The Debenture Committee has inter- alia approved allotment of 100,000 NCDs having Face Value of Rs. 10,000 each, it added. Meanwhile, shares of company were trading at Rs 1120 apiece, down 0.40 per cent, from the previous close on the BSE at 14:25 hours.