-- Vikran Engineering (NSE:VIKRAN, BOM:544496) has raised 500 million Indian rupees through the allotment of non-convertible debentures on a private placement basis in two tranches, according to a Thursday filing to the Indian stock exchanges.
The company allotted secured, rated, unlisted, redeemable, non-convertible debentures denominated in Indian rupees, having a face value of 5 million rupees each.
The company allotted debentures worth 200 million rupees in the first tranche, scheduled to mature on April 24, 2028, and 300 million rupees in the second tranche, to mature on April 29, 2028.
The company's shares were down over 2% in recent trade.