Loan & Debt13 Jul 2026, 10:53 am
QGO Finance to Issue ₹6 Cr Unsecured NCDs
AI Summary
QGO Finance Limited announced that its Board of Directors has approved the issuance of Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company plans to issue 600 NCDs, each with a face value of ₹1,00,000, aggregating to ₹6,00,00,000 (Rupees Six Crores Only). These NCDs will have a tenure of 9 years and will carry an interest rate of 12% per annum, payable monthly. The issuance is not proposed to be listed on any stock exchange.
Key Highlights
- Board approved issuance of NCDs via private placement.
- Total issuance size is ₹6 Crores.
- NCDs are unsecured, unlisted, and redeemable.
- Tenure of NCDs is 9 years.
- Interest rate offered is 12% per annum, paid monthly.
Price Impact
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