StockWatch
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Residential- Commercial Projects
Loan & Debt1 Sept 2026, 04:08 pm

Kings Infra Ventures Allots ₹70 Lakhs in NCDs

AI Summary

Kings Infra Ventures Ltd has announced the allotment of the twentieth tranche of Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Debenture Committee approved the issuance of 7,000 NCDs, each with a face value of ₹1,000, totaling ₹70,00,000. This move signifies the company's ongoing strategy to raise capital through debt instruments to fund its operations or expansion plans.

Key Highlights

  • Allotted 7,000 Secured Redeemable Non-Convertible Debentures.
  • Total value of allotment is ₹70,00,000.
  • Debentures issued on a private placement basis.
  • Represents the twentieth tranche of NCDs issued.