Loan & Debt8 Jul 2026, 01:10 pm
Share India Securities Allots ₹50 Cr NCDs on Private Placement
AI Summary
Share India Securities Ltd announced the allotment of 50,000 Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹50 Crores. These listed, secured, rated, senior, taxable, transferable, and redeemable NCDs were issued on a private placement basis. The NCDs have a tenure of 459 days from the allotment date of July 8, 2026, and carry a coupon rate of 10.50% per annum, payable monthly. Principal repayment will be a lump sum at maturity. The issuance is secured by a pari-passu charge over current assets and receivables, along with a personal guarantee from promoters. The NCDs are proposed to be listed on the wholesale debt market (WDM) segment of BSE Limited.
Key Highlights
- Allotment of 50,000 NCDs worth ₹50 Crores approved.
- NCDs carry a 10.50% annual coupon, payable monthly.
- Maturity is 459 days from allotment date of July 8, 2026.
- Secured by charge on current assets and promoter guarantee.
- NCDs to be listed on BSE WDM segment.
Price Impact
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