Loan & Debt27 May 2026, 06:52 pm
Himatsingka Seide to Issue ₹600 Cr NCDs via Private Placement
AI Summary
Himatsingka Seide Ltd's board has approved the issuance of Non-Convertible Debentures (NCDs) totaling ₹600 crore through private placement. This includes 1,000 Series “C” NCDs aggregating to ₹50 crore and 550 Series “1” NCDs aggregating to ₹550 crore, with an additional Green Shoe Option of up to ₹250 crore. The Series “C” NCDs are unrated and unlisted, while the Series “1” NCDs are rated and listed. The announcement was made on May 27, 2026, following a board meeting that commenced at 2:00 P.M. and concluded at 5:50 P.M.
Key Highlights
- Himatsingka Seide will issue 1,000 Series “C” NCDs worth ₹50 crore via private placement.
- The company will also issue 550 Series “1” NCDs worth ₹550 crore, with a Green Shoe Option of up to ₹250 crore.
- Series “C” NCDs are unrated, unlisted, and have a tenure of 42 months with 11.50% p.a. interest.
- Principal repayment for Series “C” NCDs will be in three installments at 30, 36, and 42 months.
- The issuance is secured by a first pari passu charge on moveable and immoveable assets.