Loan & Debt10 Sept 2026, 01:05 pm
Dhvija Finance Allots ₹5 Cr Unlisted NCDs
AI Summary
Dhvija Finance Ltd announced the allotment of 5,00,000 Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) worth ₹5 Crores on September 10, 2026. The NCDs, with a face value of ₹100 each, carry an interest rate of 16% per annum, payable quarterly, and have a tenure of 18 months, maturing on March 11, 2028. The issue is secured by a pari-passu charge on the company's assets, including loans, advances, and receivables. In case of default, an additional interest of 2% per annum will be payable.
Key Highlights
- Dhvija Finance allotted ₹5 Cr in unlisted NCDs.
- NCDs carry a 16% annual interest rate, paid quarterly.
- Maturity date is March 11, 2028 (18-month tenure).
- The issue is secured by company assets.
- Default incurs an additional 2% interest penalty.
Price Impact
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