Investment24 Feb 2026, 07:05 pm
Laxmi India Finance Ltd Approves Allotment of 50,000 Listed, Rated, Senior, Secured, Redeemable, Non-Convertible Debentures
AI Summary
Laxmi India Finance Ltd has approved the allotment of 50,000 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs) each having a face value of Rs. 10,000/- (Rupees Ten Thousand Only) each and an aggregate nominal value of Rs. 50,00,00,000/- (Rupees Fifty Crores Only) on a private placement basis. The NCDs are proposed to be listed on the Whole Sale Debt segment of BSE Limited and will have a tenure of 36 (Thirty-Six) Months, starting from February 24, 2026, and maturing on February 24, 2029. The coupon/interest rate offered is 10.50% (ten decimal five zero percent) per annum, payable monthly.
Key Highlights
- Laxmi India Finance Ltd approves the allotment of 50,000 NCDs worth Rs. 50,00,00,000/-
- NCDs are Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures
- NCDs to be listed on the Whole Sale Debt segment of BSE Limited
- Tenure of the instrument is 36 (Thirty-Six) Months
- Coupon/interest rate offered is 10.50% (ten decimal five zero percent) per annum, payable monthly