Emkay Global Approves ₹50 Cr NCD Issuance
Emkay Global Financial Services Ltd announced that its Management Committee has approved the issuance of up to 5,000 Rated, Listed, Senior, Unsecured, Transferable, Redeemable, Taxable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating up to ₹50,00,00,000 (₹50 Crores). The issuance will be on a private placement basis, comprising a base issue size of ₹25 Crores and a green shoe option of up to ₹25 Crores. The NCDs will carry an interest rate of 11.50% per annum, payable half-yearly, with a maturity date of September 7, 2029. The company also has a call option exercisable between 24 to 33 months from the allotment date. These NCDs are unsecured and will be listed on the Wholesale Debt Market Segment of BSE Limited.
Key Highlights
- Emkay Global to issue up to ₹50 Cr in Non-Convertible Debentures.
- NCDs carry a coupon rate of 11.50% per annum, payable half-yearly.
- Maturity date set for September 7, 2029, with a call option available.
- Issuance is on a private placement basis with a green shoe option.
- NCDs will be listed on the BSE Wholesale Debt Market Segment.
Price Impact
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