Loan & Debt24 Jun 2026, 07:20 pm
Anand Rathi Allots ₹11.1 Cr in NCDs
AI Summary
Anand Rathi Share and Stock Brokers Ltd has allotted 1,110 Secured, Unlisted, and Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹11.10 Crores. The allotment was made on June 22, 2026, through a private placement to identified investors. These NCDs carry a coupon rate of 9% and have a tenure of 3 years, maturing on June 22, 2029. The issuance is secured by a first-ranking charge over the company's unencumbered assets, book debts, and receivables. The company has also outlined terms for additional interest in case of default.
Key Highlights
- Allotted 1,110 NCDs worth ₹11.10 Crores via private placement.
- NCDs are secured, unlisted, redeemable, with a 9% coupon rate.
- Maturity is set for June 22, 2029, with a 3-year tenure.
- Secured by a first-ranking charge on company assets and receivables.
Price Impact
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