Investment27 Feb 2026, 07:31 am
Essar Shipping Ltd Partially Redeems 1% Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures
AI Summary
Essar Shipping Limited has partially redeemed 1% Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures (NCDs) worth Rs. 1,444,200,000 issued to Abhinand Ventures Private Limited. The redemption was made in accordance with the terms of issue on February 26, 2026. The total amount paid on redemption, including principal and interest, was Rs. 1,552,247,922. As of now, 24,262,750 NCDs are still outstanding.
Key Highlights
- Essar Shipping Ltd partially redeemed 1% Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures worth Rs. 1,444,200,000.
- The redemption was made to Abhinand Ventures Private Limited in accordance with the terms of issue on February 26, 2026.
- The total amount paid on redemption, including principal and interest, was Rs. 1,552,247,922.
- As of now, 24,262,750 NCDs are still outstanding.