Loan & Debt10 Jul 2026, 03:30 pm
Transwarranty Finance Approves NCD Issuance Up to ₹6.51 Cr
AI Summary
Transwarranty Finance Limited's Board of Directors, in a meeting held on July 10, 2026, approved the issuance of Unlisted Non-Convertible Debentures (NCDs) on a private placement basis. The issuance includes Secured NCDs Type A up to ₹1.51 Crores and Unsecured NCDs Type B (for investors of ₹1 Cr or more) up to ₹5 Crores, making the total issue size up to ₹6.51 Crores. The NCDs have varying tenures, coupon rates ranging from 11.25% to 12.00% p.a., and minimum subscription amounts specific to each category. Secured NCDs will be backed by a pari-passu charge on certain current assets, while Unsecured NCDs will not have any collateral.
Key Highlights
- Board approved issuance of Unlisted NCDs via private placement.
- Total issue size capped at ₹6.51 Crores.
- Includes Secured NCDs (up to ₹1.51 Cr) and Unsecured NCDs (up to ₹5 Cr).
- Coupon rates range from 11.25% to 12.00% p.a.
- NCDs have tenures of 13 months to 5 years.
Price Impact
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