Kuantum Papers Allots ₹100 Cr Unlisted NCDs

Kuantum Papers Limited has approved the allotment of 10,000 unlisted, unrated, senior, secured, redeemable, non-convertible debentures (NCDs) with a face value of INR 1,00,000 each, aggregating to INR 100 Crores. The allotment was made on a private placement basis to an identified investor. The NCDs mature on June 2, 2030, and carry an interest rate of 12.70% per annum (9.70% coupon payable monthly and 3.00% redemption premium). The issuance is secured by a charge on current and movable fixed assets, personal guarantees, a shortfall undertaking, and a lien-marked fixed deposit, with a minimum security cover of 1.50x.