Himatsingka Seide Allots ₹50 Cr Series C NCDs
Himatsingka Seide Ltd has announced the allotment of 1,000 Series C Senior, Secured, Unlisted, Unrated, Redeemable, Taxable, Non-Convertible Debentures (NCDs) on June 30, 2026. The total issue size is ₹50 Crores, with each NCD having a face value of ₹5,00,000. These NCDs carry an interest rate of 11.50% per annum, payable quarterly, and have a tenure of 42 months from the allotment date, maturing on December 30, 2029. The principal will be repaid in three installments at 30, 36, and 42 months. The issuance was made on a private placement basis to eligible investors. The NCDs are secured by a first pari passu charge over the company's fixed assets at its manufacturing plants in Hassan and Doddaballapur.
Key Highlights
- Allotted 1,000 Series C NCDs worth ₹50 Crores.
- NCDs have a 42-month tenure with 11.50% annual interest.
- Principal repayment in three installments over 42 months.
- Issued via private placement, secured by company assets.
Price Impact
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