Investment20 Feb 2026, 09:11 pm
Arihant Foundations & Housing Ltd Allots Non-Convertible Debentures Worth ₹ 45 Crores to a Category II Alternative Investment Fund
AI Summary
Arihant Foundations & Housing Limited has approved the allotment of 450 unrated, unlisted, senior, secured, redeemable, non-convertible debentures (NCDs) of face value ₹ 10,00,000 each, amounting to ₹ 45,00,00,000, on a private placement basis. The NCDs have been issued to a Category II Alternative Investment Fund (AIF) registered with SEBI under the SEBI (Alternative Investment Funds) Regulations, 2012. The NCDs have been issued in compliance with the provisions of the Companies Act, 2013 and applicable rules made thereunder.
Key Highlights
- Arihant Foundations & Housing Ltd has allotted 450 NCDs worth ₹ 45,00,00,000 to a Category II AIF.
- The NCDs are unrated, unlisted, senior, secured, redeemable, and non-convertible.
- The face value of each NCD is ₹ 10,00,000.
- The NCDs have been issued in compliance with the Companies Act, 2013 and applicable rules.
- The NCDs have a tenure of 30 months and a coupon rate of 12.5% p.a.