J.K. Shah Commerce Education Allots ₹33 Cr NCDs

J.K. Shah Commerce Education Limited (JSCEL), a part of Veranda Learning Solutions Ltd, has allotted 3,300 Senior, Secured, Redeemable, Unrated and Unlisted Non-Convertible Debentures (NCDs) worth ₹33 Crores to Mr. Kalpathi S Aghoram, Mr. Kalpathi S Ganesh, and Mr. Kalpathi S Suresh. The NCDs have a face value of ₹1,00,000 each, a tenure of 5 years, and an annual coupon rate of 0.001%. The proceeds will be used to close an existing loan facility with RBL Bank Limited and for general corporate purposes. The NCDs are unlisted and secured by a charge on all movable and immovable assets of JSCEL.