Investment14 Mar 2026, 06:22 pm
Purshottam Investofin Ltd. Approves Issuance of Rs 30 Crore Unsecured NCDs
AI Summary
Purshottam Investofin Ltd. has approved the issuance of 30 unsecured, unrated, unlisted, redeemable Non-Convertible Debentures (NCDs) of face value of Rs 1,00,00,000 each, amounting to Rs 30,00,00,000 on a Private Placement Basis. The NCDs have a tenure of 18 months, with the option for the investor to exercise a Put Option after 6 months from the Deemed Date of Allotment. The coupon rate offered is 13% P.A. with quarterly interest payments and principal redemption at the end of 18 months.
Key Highlights
- Purshottam Investofin Ltd. to issue 30 unsecured NCDs worth Rs 30 crore
- NCDs to be issued on a private placement basis
- Tenure of the NCDs is 18 months
- Investor has the right to exercise a Put Option after 6 months
- Coupon rate offered is 13% P.A. with quarterly interest payments