Loan & Debt31 Jul 2026, 10:50 pm
Himatsingka Seide Allots ₹12.5 Cr Debentures
AI Summary
Himatsingka Seide Ltd has allotted 250 Tranche 3 Series E Unlisted, Senior, Secured, Unrated, Redeemable, Taxable Transferable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size is ₹12.50 Crores, with each debenture having a face value of ₹5,00,000. The NCDs have a tenure of 42 months from the allotment date of July 31, 2026, maturing on January 31, 2030. The coupon rate is 11.50% per annum, payable quarterly, with principal repayment in three installments at 30, 36, and 42 months. The debentures are secured by a first pari passu charge on the company's assets at its manufacturing plants in Hassan and Doddaballapur.
Key Highlights
- Allotted 250 Non-Convertible Debentures worth ₹12.50 Crores.
- Debentures carry an interest rate of 11.50% p.a. payable quarterly.
- Maturity period is 42 months with staggered principal repayment.
- Secured by a first pari passu charge on company's manufacturing assets.
Price Impact
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