Loan & Debt2 Jun 2026, 11:13 am
Pakka Ltd Approves ₹375 Cr NCD Issuance via Private Placement
AI Summary
Pakka Limited's Fundraising Committee has approved the issuance of secured, unrated, redeemable non-convertible debentures (NCDs) worth ₹375 Crores in the first tranche. The issuance consists of ₹225 Crores in junior NCDs and ₹150 Crores in senior NCDs, offered on a private placement basis. The junior series carries a coupon rate of 19.40% per annum with maturity up to May 2035, while the senior series carries an 11.40% coupon with maturity up to September 2033. The debentures are secured by a comprehensive charge over the company's project assets, current assets, and insurance contracts.
Key Highlights
- Company approved the first tranche of NCDs aggregating to ₹375 Crores.
- Issuance includes ₹225 Crores in junior NCDs and ₹150 Crores in senior NCDs.
- Junior NCDs offer a 19.40% coupon rate, while senior NCDs offer 11.40%.
- Debentures are secured by a charge over the company's project assets and receivables.
Price Impact
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