Investment24 Mar 2026, 06:57 pm
Purshottam Investofin Ltd. Allots 30 Unsecured NCDs Worth Rs. 30 Crore on Private Placement Basis
AI Summary
Purshottam Investofin Ltd. has announced the allotment of 30 Unsecured, unrated, unlisted, redeemable Non-Convertible Debentures (NCDs) of Rs. 1,00,00,000/- each, totaling to Rs. 30,00,00,000/-. The allotment was made on a Private Placement Basis, with details provided in the attached Annexure-1. The NCDs have a tenure of 18 months, with a fixed coupon rate of 13% P.A., and offer a Put Option to the investor after completion of 6 months from the Deemed Date of Allotment.
Key Highlights
- Purshottam Investofin Ltd. allots 30 Unsecured NCDs worth Rs. 30 Crore.
- NCDs issued on a Private Placement Basis.
- Fixed coupon rate of 13% P.A. with Quarterly Interest Payment.
- Principal to be redeemed at the end of 18 months from the date of allotment.
- Investor has the right to exercise a Put Option after 6 months from the Deemed Date of Allotment.
Price Impact
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