Capacite Infraprojects Approves ₹35 Cr NCD Issuance

Capacite Infraprojects Ltd's Board of Directors has approved the issuance of 350 Senior, Secured, Rated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) with a face value of INR 10,00,000 each, aggregating up to INR 35 Crore. The issuance also includes a green shoe option for an additional 200 NCDs, potentially raising up to INR 20 Crore, bringing the total issue size to INR 55 Crore. These NCDs will have a tenure of 42 months, an interest rate of 12.72% p.a. payable monthly, and principal repayments in 13 equal quarterly installments. The issuance is on a private placement basis and is not proposed to be listed. The company will create an exclusive mortgage over certain immovable properties and a subservient charge over current assets as security, along with promoter guarantees.