November 2, 2017 / 12:25 PM / 5 months ago

BRIEF-Hindustan Construction says maintains asset cover sufficient to discharge principal amount for debt securities ​

Nov 2 (Reuters) - Hindustan Construction Company Ltd

* Maintained 100 percent asset cover sufficient to discharge principal amount for ncds issued by co ​

Source text - Hindustan Construction Company Ltd has informed BSE that the Company has maintained a 100% asset cover sufficient to discharge the principal amount for the non-convertible debt securities issued by the company. Further, in respect of the secured non-convertible debentures aggregating Rs.100 crores the Company has created a secured and created a charge by way of registered mortgage on the parcel of land (immovable non-residential property) admeasuring 22 acres and 24 gunthas at Tara Village, Panvel Taluka; all present and future movable assets and current assets of the Company; all other additional and specified assets.

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