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 INR 1,00,000 each, aggregating up to INR 50,00,00,000 (INR 50 Crores). The issuance comprises a base size of INR 25 Crores and a green shoe option of up to INR 25 Crores, to be placed privately. The NCDs will carry an interest rate of 11.50% per annum, payable half-yearly, and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The maturity date is September 7, 2029, with a tentative allotment date of September 7, 2026. The company also retains a call option exercisable after 24 months.