Arihant Foundations Allots ₹40 Cr NCDs in Second Tranche
Arihant Foundations & Housing Ltd has approved the allotment of 40 Unlisted, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹1,00,00,000/- each, aggregating to ₹40,00,00,000/- (₹40 Crore) at par, on a private placement basis. This marks the second tranche of NCDs issued as part of an overall approved issue of up to 180 NCDs aggregating to ₹1,80,00,00,000/- (₹180 Crore). The NCDs were allotted for cash to two non-promoter bodies corporate, who were also the investors in the first tranche. With this allotment, the company has now issued a total of 150 NCDs aggregating to ₹1,50,00,00,000/- (₹150 Crore). The NCDs have a tenure of 48 months from the date of first allotment (March 11, 2026), maturing on March 11, 2030.
Key Highlights
- Board approved allotment of 40 NCDs worth ₹40 Crore.
- This is the second tranche of NCDs issued via private placement.
- Total NCDs allotted to date reach ₹150 Crore.
- NCDs mature on March 11, 2030, with a 48-month tenure.
- Allotment made to two non-promoter Indian corporate entities.
Price Impact
More from ARIHANT