Investment7 Feb 2025, 08:59 pm
PVP Ventures Approves Issuance of Upto INR 150 Crores Non-Convertible Debentures
AI Summary
PVP Ventures Limited announced the outcome of their board meeting held on February 07, 2025. The board approved the proposal of raising funds through the issuance and allotment of Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size is aggregating up to INR 150,00,00,000 (Indian Rupees One Hundred and Fifty Crore Only). The NCDs are secured, rated, listed, and redeemable. The tenure of the instrument is 4 years with a coupon/interest of 18% p.a plus 1% redemption premium. The NCDs are proposed to be listed on the National Stock Exchange of India Limited.
Key Highlights
- PVP Ventures to raise funds through issuance of Non-Convertible Debentures (NCDs)
- Total issue size is aggregating up to INR 150,00,00,000
- NCDs are secured, rated, listed, and redeemable
- Tenure of the instrument is 4 years with a coupon/interest of 18% p.a plus 1% redemption premium
- NCDs are proposed to be listed on the National Stock Exchange of India Limited