Loan & Debt20 Jul 2026, 06:40 pm
India Shelter Finance Approves ₹100 Cr NCD Issuance
AI Summary
India Shelter Finance Corporation Ltd has announced the approval of issuing Non-Convertible Debentures (NCDs) worth ₹100 crore through private placement. The issuance comprises a base issue of ₹75 crore and a green shoe option of ₹25 crore. These NCDs will be rated, listed, secured, transferable, and redeemable with a tenure of 60 months. The coupon rate is fixed at 8.10% per annum, with interest and principal payable quarterly. The issuance is secured by a first and exclusive hypothecation charge on standard receivables, ensuring an asset cover of at least 1.10 times. This move is part of the company's strategy to manage its liabilities and fund its growth.
Key Highlights
- India Shelter Finance to issue ₹100 Cr NCDs via private placement.
- NCDs have a 60-month tenure and 8.10% fixed annual interest.
- Issuance includes a ₹25 Cr green shoe option.
- NCDs are secured by receivables with 1.10x asset cover.
- Approval granted by the Asset Liability Management Committee.
Price Impact
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