Loan & Debt27 Aug 2026, 05:30 pm
Anand Rathi Allots ₹11.4 Cr in NCDs
AI Summary
Anand Rathi Share and Stock Brokers Ltd has announced the allotment of 1,140 Secured, Unlisted and Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹11,40,00,000 (₹11.4 Crores). The NCDs were issued on a private placement basis and have a tenure of 3 years, maturing on August 27, 2029. The coupon rate offered is 9% per annum, with quarterly interest and principal payments. The issuance is secured by a first-ranking charge via hypothecation over the company's unencumbered assets and book debts.
Key Highlights
- Company allots ₹11.4 Cr via NCD private placement.
- NCDs are secured, unlisted, redeemable, with 9% coupon.
- Maturity set for August 27, 2029 (3-year tenure).
- Secured by a charge over company's assets and book debts.
Price Impact
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