Loan & Debt13 Jul 2026, 05:40 pm
Himatsingka Seide Allots ₹15 Cr in Debentures
AI Summary
Himatsingka Seide Ltd announced the allotment of 300 Tranche 1 Series E Non-Convertible Debentures (NCDs) on July 13, 2026, through a private placement. Each debenture has a face value of ₹5 Lakhs, with the total issue aggregating to ₹15 Crores. These NCDs are unlisted, senior, secured, unrated, redeemable, and taxable, with a tenure of 42 months. The interest rate is 11.50% per annum, payable quarterly, and principal repayment is scheduled in three installments at 30, 36, and 42 months post-allotment. The company has created charges over its assets as security for these debentures.
Key Highlights
- Himatsingka Seide allotted ₹15 Cr in NCDs.
- Debentures carry 11.50% annual interest, paid quarterly.
- Principal repayment over three installments.
- Secured by a charge on company's fixed assets.
Price Impact
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