Himatsingka Seide Confirms ₹300 Cr NCD Issue Terms

Himatsingka Seide Ltd's Securities Committee has confirmed the terms for issuing Series 1 Listed Non-Convertible Debentures (NCDs). The issue, denominated in INR, is senior, unsecured, rated, listed, redeemable, and taxable. It will be a private placement to eligible investors, aggregating ₹300 crore with an option for a green shoe of up to ₹250 crore. The NCDs will have a tenure of 42 months from the deemed date of allotment, with interest at 11.50% p.a. payable quarterly. Principal repayment is scheduled in three installments at 30, 36, and 42 months. The NCDs are proposed to be listed on BSE Limited.