Loan & Debt10 Aug 2026, 07:21 pm
Ashok Leyland Allots ₹300 Cr Non-Convertible Debentures
AI Summary
Ashok Leyland Ltd has announced the allotment of 30,000 Unsecured, listed, Rated, redeemable, non-cumulative, Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each. The total issue size aggregates to ₹300 Crores. These NCDs, carrying a fixed coupon rate of 7.50% p.a. payable annually, have a tenure of 2 years, with maturity on August 10, 2028. The NCDs are rated "AA+" by ICRA with a Stable outlook and will be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited. The allotment was made on August 10, 2026, via Private Placement.
Key Highlights
- Ashok Leyland raises ₹300 Crores through NCD issuance.
- NCDs carry a 7.50% annual coupon rate and a 2-year tenure.
- The issuance was made via Private Placement.
- NCDs are rated "AA+" by ICRA with a Stable outlook.
- Securities will be listed on NSE's Wholesale Debt Market.
Price Impact
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