Himatsingka Seide Modifies Unissued NCD Terms
Himatsingka Seide Ltd announced that its Securities Committee has modified the terms of the balance of unissued Non-Convertible Debentures (NCDs). This follows a previous confirmation of terms for Series 1 Listed NCDs aggregating Rs. 300,000,000,000/- and a Green Shoe Option of up to Rs. 250,000,000,000/-. The company has already allotted Series 1 Listed NCDs worth Rs. 34 Crore. The modification pertains to the remaining unissued NCDs, including Series 1 (Rs. 235,000,000,000/- balance + up to Rs. 241 Crore Green Shoe) and Series 2 (Rs. 35,000,000,000/- + up to Rs. 5 Crore Green Shoe). Both series are INR denominated, senior, rated, listed, redeemable, and taxable, with a tenure of 42 months and an interest rate of 11.50% p.a. payable quarterly.
Key Highlights
- Securities Committee modified terms of unissued NCDs.
- Balance of Series 1 NCDs: Rs. 235 Cr + up to Rs. 241 Cr Green Shoe.
- Series 2 NCDs: Rs. 35 Cr + up to Rs. 5 Cr Green Shoe.
- Both NCD series carry 11.50% p.a. interest, payable quarterly.
- NCDs have a tenure of 42 months.
Price Impact
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