Loan & Debt28 Oct 2026, 05:40 pm
Anand Rathi Allots ₹11.5 Cr NCDs
AI Summary
Anand Rathi Share and Stock Brokers Ltd has allotted 1,150 Secured, Unlisted and Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹11.50 Crores (₹11,50,00,000). The allotment was made on a private placement basis. These NCDs have a tenure of 3 years and 1 day, maturing on October 29, 2029. The coupon rate offered is 9% per annum, with interest and principal payments scheduled quarterly. A first-ranking charge by way of hypothecation over all present and future unencumbered assets and book debts has been created as security. In case of default, an additional interest of 2% per annum will be payable.
Key Highlights
- Company allotted 1,150 NCDs worth ₹11.50 Crores.
- NCDs are secured, unlisted, redeemable, with a 9% coupon.
- Maturity date is October 29, 2029 (3-year tenure).
- Allotment made via private placement.
- Security includes hypothecation of assets and book debts.
Price Impact
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