Loan & Debt2 Sept 2026, 03:53 pm
Laxmi India Finance Allots ₹100 Cr in NCDs via Private Placement
AI Summary
Laxmi India Finance Limited's Business Operation Committee has approved the allotment of Non-Convertible Debentures (NCDs) worth ₹100 crore on a private placement basis. This includes 70,000 Series A Debentures aggregating ₹70 crore and 30,000 Series B Debentures aggregating ₹30 crore. The NCDs are rated, listed, unsubordinated, secured, transferable, and redeemable, with a tenure of 36 months and an annual coupon rate of 10.50% payable monthly. The allotment date is September 02, 2026, and maturity is September 02, 2029. The NCDs will be listed on the Wholesale Debt market segment of BSE Limited and secured by a first and exclusive charge on identified receivables.
Key Highlights
- Company allots ₹100 crore in secured NCDs via private placement.
- NCDs carry a 10.50% annual interest rate, payable monthly.
- Debentures have a 36-month tenure, maturing in September 2029.
- NCDs will be listed on BSE's Wholesale Debt market segment.
- Secured by a first charge on identified receivables.
Price Impact
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