Investment30 March 2026 at 03:07 pm
Anand Rathi Share And Stock Brokers Ltd Allots Rs. 4.95 Crore NCDs Through Private Placement
AI Summary
Anand Rathi Share And Stock Brokers Ltd has allotted 495 Secured, Unlisted and Redeemable Non-Convertible Debentures (NCDs) having a face value of Rs. 1,00,000 each, amounting to Rs. 4,95,00,000, to identified investors on March 30, 2026. The NCDs, Series ARSSBLNA3/2025, have a tenure of 3 years from the deemed date of allotment, with a coupon/interest rate of 9% payable quarterly. The company has created a first ranking charge by way of hypothecation over all present and future book debts and receivables as security. In case of default in payment of interest or principal, an additional interest of 2% per annum will be payable.
Key Highlights
- Anand Rathi Share And Stock Brokers Ltd allots Rs. 4.95 Crore NCDs through private placement.
- 495 Secured, Unlisted and Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000 each allotted.
- NCDs have a tenure of 3 years from the deemed date of allotment with a 9% coupon/interest rate payable quarterly.
- First ranking charge created by way of hypothecation over all present and future book debts and receivables as security.
- In case of default, an additional interest of 2% per annum will be payable.