Share India Securities Approves ₹125 Cr NCD Issue

Share India Securities Ltd's Finance Committee has approved the issuance of up to 1,25,000 Listed, Rated, Secured, Taxable, Transferable, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size is up to INR 1,25,00,00,000 (INR 125 Crores), including a Green Shoe Option of up to INR 50,00,00,000 (INR 50 Crores). These NCDs will have a face value of INR 10,000 each, a tenure of up to 21 months and 5 days, and will carry an interest of 10.30% per annum, payable monthly. The NCDs are proposed to be listed on the wholesale debt market segment of BSE Limited. This issuance is part of the company's earlier proposal to raise funds up to INR 200 Crores through debt securities.