Loan & Debt22 Aug 2026, 05:50 pm
F Mec International to Raise ₹5 Cr via NCDs
AI Summary
F Mec International Financial Services Ltd (now DHVIJA FINANCE LIMITED) announced its Executive Committee has approved a proposal to raise funds by issuing Second Tranche (Series-B) Secured, Unlisted, Non-Convertible Debentures (NCDs) on a private placement basis. The company plans to issue up to 5,00,000 NCDs with a face value of ₹100 each, aggregating up to ₹5 crore. These NCDs will have a tenure of 18 months from the date of allotment, with a coupon rate of 16% per annum. The issuance is secured by a pari-passu charge on the company's assets. This move is in furtherance to a previous communication regarding the issuance of NCDs.
Key Highlights
- Company to raise ₹5 crore through Non-Convertible Debentures.
- NCDs are secured, unlisted, and offered on private placement.
- Coupon rate is 16% per annum with an 18-month tenure.
- Funds to be raised via issuance of Series-B NCDs.
Price Impact
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