Mangalam Global Enterprise Ltd to Raise ₹150 Cr via NCDs

Mangalam Global Enterprise Limited announced that its Management Committee has approved the issuance of Senior, Secured, Rated, Listed, taxable, redeemable, transferable Non-Convertible Debentures (NCDs) aggregating up to ₹150 Crores (₹1,500 Million). The NCDs will be issued on a private placement basis in one or more series and/or tranches. The debentures are proposed to be listed on the NSE Debt Segment. The tenure, coupon, interest payment schedule, and security details are to be determined by the Committee. The company confirmed no delay or default in payment of interest or principal on existing instruments.