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| Exchange Disseminated Time | Satra Properties India Ltd has informed BSE that the Company has made Pre/Part redemption of Rs. 1 Crores [100 Nos. of Secured Redeemable Non-Convertible Debentures "NCDs" (unlisted) of Face Value of Rs. 1,00,000/- each] out of the total 5,600 Nos. of NCDs.
Further that in terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the meeting of the Board of Directors of the Company was held on April 01, 2016 where along with other matters the Board has considered and approved the following:
Pursuant to approval of debenture holders, the Board has considered and approved the revised date of redemption of balance 5,500 Nos. of NCDs amounting to Rs. 55 Crores issued on Private Placement Basis along with revised rate of interest @ 12% to be compounded every 9 completed calendar month from the date of subscription of the respective NCDs, to be payable along with the revised dates of redemption as tabulated. |
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