Loan & Debt27 May 2026, 07:52 pm
Himatsingka Seide to Issue ₹600 Cr NCDs via Private Placement
AI Summary
Himatsingka Seide Ltd's board approved the issuance of Non-Convertible Debentures (NCDs) aggregating to ₹600 Crore through private placement. This includes 1,000 Series “C” NCDs totaling ₹50 Crore and 55,000 Series “1” NCDs totaling ₹550 Crore, with an additional Green Shoe Option of ₹250 Crore for Series “1” NCDs. The Series “C” NCDs are unrated and offer a coupon of 11.50% p.a., while the Series “1” NCDs are rated and listed. The funds will be raised in one or more tranches.
Key Highlights
- Himatsingka Seide to issue 1,000 Series “C” NCDs aggregating to ₹50 Crore.
- Company to issue 55,000 Series “1” NCDs aggregating to ₹550 Crore with a Green Shoe Option of ₹250 Crore.
- Series “C” NCDs offer 11.50% p.a. coupon, payable quarterly, with principal repayment in three installments.
- Series “C” NCDs are secured by a first pari passu charge on moveable and immoveable assets.
- Series “1” NCDs are rated and listed, issued via private placement.