Loan & Debt29 Jul 2026, 06:41 pm
Anand Rathi Allots ₹4.5 Cr NCDs via Private Placement
AI Summary
Anand Rathi Share and Stock Brokers Ltd has successfully allotted 450 Secured, Unlisted and Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹4.50 crore. The allotment was made on a private placement basis. These NCDs have a tenure of 3 years and 2 days, with a coupon rate of 9% payable quarterly. The company has created a first-ranking charge by way of hypothecation over its unencumbered assets and book debts as security. The redemption date is set for July 30, 2029.
Key Highlights
- Company allotted 450 NCDs worth ₹4.50 crore.
- NCDs are secured, unlisted, redeemable, and issued via private placement.
- The instruments carry a 9% annual interest rate, paid quarterly.
- Maturity date is July 30, 2029, with a 3-year tenure.
- Assets are hypothecated as security for the debentures.
Price Impact
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