Loan & Debt21 May 2026, 11:16 am
CSL Finance Allots ₹30 Cr of NCDs
AI Summary
CSL Finance Ltd's Management Committee approved the allotment of 30,000 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, totaling ₹30 Crore, on a private placement basis. The allotment is the 2nd tranche and is in accordance with BSE Limited's in-principle listing approval dated April 20, 2026. The NCDs have a tenure of 2 years, maturing on May 21, 2028, and offer a coupon rate of 11% with quarterly interest payments.
Key Highlights
- CSL Finance allots 30,000 NCDs aggregating to ₹30 Crore.
- NCDs are secured, rated, listed, and redeemable with a face value of ₹10,000 each.
- The NCDs offer an 11% coupon rate with quarterly interest payments.
- Tenure of the NCDs is 2 years, maturing on May 21, 2028.
- Security includes a first-ranking charge on loan receivables and a personal guarantee.
Price Impact
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