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Ashiana Housing is principal business activity of the company is Real Estate Development.
Ashiana Housing has allotted 10,000 rated, unsecured, redeemable, non-convertible debentures worth INR 100 Cr to International Finance Corporation (IFC) via private placement. These 7% debentures have a 20-year tenor with quarterly interest payments and will be listed on BSE. This infusion strengthens the company’s long-term debt profile without diluting equity.