Loan & Debt18 Sept 2026, 11:30 am
Kings Infra Ventures Allots ₹92.2 Lakhs in NCD Tranche
AI Summary
Kings Infra Ventures Ltd has announced the allotment of its twenty-first tranche of Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) through private placement. The Debenture Committee approved the issuance of 9,220 NCDs, each with a face value of Rs. 1,000, totaling Rs. 92,20,000. This private placement of secured debt instruments aims to raise capital for the company's operations and growth initiatives.
Key Highlights
- Allotted 9,220 Secured Redeemable Non-Convertible Debentures.
- Total issuance value amounts to Rs. 92,20,000.
- Debentures are unlisted, secured, and redeemable.
- Issued via private placement by the Debenture Committee.
- Represents a debt financing activity for the company.
Price Impact
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