Indo Thai Securities Allots ₹2.35 Cr NCDs in Tranche-I
Indo Thai Securities Ltd has allotted 235 Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures (NCDs) of face value ₹1,00,000 each, aggregating to ₹2,35,00,000/- (₹2.35 Crore). This allotment, approved by the Debenture Issuance, Allotment and Redemption Committee on October 7, 2026, is part of Tranche-I of a larger fund-raising plan. The NCDs are issued via private placement, are unlisted, and carry an interest rate of 9.50% or 9.90% per annum, payable quarterly or annually. They mature on October 12, 2027, or October 12, 2029, and are secured by an exclusive floating charge on the company's present and future listed or unlisted shares and securities held as stock-in-trade and investments. The total Tranche-I issue size is up to ₹10 Crore, with an umbrella limit of ₹100 Crore.
Key Highlights
- Allotted 235 NCDs worth ₹2.35 Crore in Tranche-I.
- NCDs are unlisted, unrated, secured, and redeemable.
- Interest rate is 9.50% or 9.90% per annum.
- Secured by floating charge on company's shares & securities.
- Part of a larger fund-raising plan up to ₹100 Crore.
Price Impact
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