Anand Rathi Allots ₹10.85 Cr in NCDs via Private Placement

Anand Rathi Share and Stock Brokers Ltd has announced the allotment of 1,085 Secured, Unlisted, and Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹10.85 Crores. The allotment was made on a private placement basis. These NCDs have a tenure of 3 years, with a maturity date of September 28, 2029. The coupon rate offered is 9% per annum, with interest and principal payments scheduled quarterly. The issuance is secured by a first-ranking charge on the company's unencumbered assets and book debts. The NCDs are not proposed to be listed on any stock exchange.