Loan & Debt16 Sept 2026, 07:10 pm
Capital India Finance Approves INR 100 Cr NCD Issuance
AI Summary
Capital India Finance Limited's Securities Issuance Committee has approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The issuance will aggregate up to INR 100 Crore, comprising a base issue size of INR 50 Crore and a green shoe option of up to INR 50 Crore. These NCDs will be listed, rated, senior, secured, transferable, and redeemable, with a tenure of 27 months and a coupon rate of 10% per annum, payable quarterly. The principal will be repaid on the redemption date. This move aims to strengthen the company's capital base and fund its growth initiatives.
Key Highlights
- Approved issuance of INR 100 Cr Non-Convertible Debentures.
- NCDs to be issued on a private placement basis.
- Tenure of 27 months with a 10% annual coupon rate.
- Base issue of INR 50 Cr with a INR 50 Cr green shoe option.
- NCDs will be listed on BSE.
Price Impact
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