Loan & Debt29 Jul 2026, 04:50 pm
QGO Finance Allots ₹1 Cr in Non-Convertible Debentures
AI Summary
QGO Finance Ltd has announced the allotment of 100 Transferable Unsecured Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹1,00,00,000. The resolution for this allotment was passed by circulation on July 29, 2026. These NCDs are unsecured, unlisted, and redeemable, issued on a private placement basis. They carry a coupon rate of 12% per annum, payable monthly, with a tenure of 9 years, maturing on July 28, 2035. The company has also indicated that 100 securities are pending allotment and 100 have already been allotted in Tranche-XLV.
Key Highlights
- Allotment of 100 NCDs worth ₹1 Crore completed.
- NCDs are unsecured, unlisted, redeemable with 12% annual interest.
- Tenure of NCDs is 9 years, maturing in July 2035.
- Issued via private placement to eligible investors.
Price Impact
More from QGO