Loan & Debt29 Jun 2026, 07:30 pm
Himatsingka Seide Revises NCD Issue to ₹550 Cr Across Series D, E, and 1
AI Summary
Himatsingka Seide Ltd has revised its Non-Convertible Debenture (NCD) issuance plan. The company will now issue Series 'D' NCDs worth ₹50 crore, Series 'E' NCDs worth ₹200 crore, and Series '1' NCDs worth ₹300 crore, with a potential Green Shoe Option of up to ₹250 crore for Series '1'. The total issue size, including the Green Shoe Option, could reach ₹800 crore. The Series '1' NCDs are proposed to be listed on BSE and NSE. The tenure for these NCDs is 42 months, with a coupon rate of 11.50% p.a. payable quarterly. Principal repayment will be in three installments. This revision follows an initial approval for a ₹550 crore NCD issue.
Key Highlights
- Company revises NCD issuance to ₹550 crore, potentially up to ₹800 crore with Green Shoe Option.
- New NCDs include Series D (₹50 Cr), E (₹200 Cr), and 1 (₹300 Cr).
- Series 1 NCDs will be listed on BSE and NSE.
- NCDs carry a 11.50% coupon rate and a 42-month tenure.
- Funds will be raised via private placement to eligible investors.
Price Impact
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