360 ONE WAM LIMITED has informed the Exchange about raising of funds through issuance of non-convertible debt securities as defined under Listing Regulations, 2015 ( NCDs ) of upto Rs. 250 Crores on a private placement basis, in one or more tranches.
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360 ONE WAM Limited has informed the stock exchange about its plan to raise funds through the issuance of non-convertible debt securities (NCDs) of up to Rs. 250 Crores. The issuance will be carried out on a private placement basis and may happen in one or more tranches. The announcement is being made in compliance with the Listing Regulations, 2015. Specific details such as coupon rate, tenure, and end-use of funds have not been disclosed in this filing.
This is a modest debt raise of Rs. 250 Crores by a wealth management company, which may be used to support business growth or general corporate purposes. Since it is a private placement of NCDs, dilution of equity shareholders is not expected, and the impact on the stock is likely to be neutral.