Loan & Debt10 Sept 2026, 04:26 pm
Anand Rathi Allots ₹1 Cr in NCDs
AI Summary
Anand Rathi Share and Stock Brokers Ltd has allotted 100 Secured, Unlisted, and Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹1 Crore. The allotment was made on a private placement basis. The NCDs have a tenure of 1 year and 10 days (375 days) with a coupon rate of 9% per annum, payable quarterly. A first-ranking charge has been created over the company's unencumbered assets and book debts as security. The maturity date for these NCDs is September 20, 2027.
Key Highlights
- Company allotted ₹1 Crore in NCDs via private placement.
- NCDs are secured, unlisted, and redeemable with a 9% coupon.
- Tenure of the NCDs is 375 days from allotment.
- Interest and principal payments are secured by a first-ranking charge on assets.
Price Impact
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