Board Meeting13 Mar 2024, 04:27 pm
Ucal Ltd Announces Issue of NCDs Worth Rs. 50 Crore Through Private Placement
AI Summary
The Board of Directors of Ucal Ltd held a meeting on 13th March 2024, where they approved the issue of Senior, secured, unrated, unlisted, unsubordinated, redeemable, taxable NCDs worth Rs. 30 crore and partially paid NCDs worth Rs. 20 crore through private placement. The terms of the NCDs were also outlined in the document, including the tenure, coupon rate, security, and redemption details.
Key Highlights
- Board approved issue of NCDs worth Rs. 30 crore and Rs. 20 crore
- NCDs to be issued on private placement basis
- Tenure of NCDs is 30 months for fully paid NCDs and 13 months for partially paid NCDs
- Coupon rate for both NCDs is 11.50% per annum