Loan & Debt4 Aug 2026, 02:09 pm

Emerald Leisures Allots ₹155 Cr in Secured NCD Private Placement

AI Summary

Emerald Leisures Ltd announced the Board's approval for the allotment of Secured Unlisted, Unrated, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis. The company has allotted 550 NCDs with a face value of ₹10,00,000 each, aggregating to ₹155 crore. This allotment is part of the first tranche of a larger proposed issue. The NCDs have a tenure of 36 months, with a coupon interest of 10% p.a. payable monthly and a redemption premium of 6.0% p.a. compounded quarterly. The company has secured these debentures through mortgage/hypothecation/pledge of its assets.

Key Highlights

Board approved allotment of 550 Secured NCDs.
Total allotment value stands at ₹155 crore.
NCDs are Unlisted, Unrated, Redeemable, and Non-Convertible.
Private placement basis for fundraising.
10% annual coupon with 6% redemption premium.

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