360 ONE WAM LIMITED has informed the Exchange regarding Outcome of Board Meeting held on April 23, 2025- 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
360ONE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
360 ONE WAM Limited has informed the exchange about the outcome of its board meeting held on April 23, 2025. The board has approved raising of funds through issuance of Non-Convertible Debt Securities (NCDs) of up to Rs. 250 Crores. The NCDs will be issued on a private placement basis, which means they will be offered directly to select institutional investors rather than through a public issue. The company may issue these NCDs in one or more tranches depending on its funding needs and market conditions.
This is a debt-raising move that allows the company to diversify its funding sources without diluting shareholder equity. Investors should watch for the coupon rate and tenure of these NCDs when disclosed, as this will indicate the cost of borrowing and any potential impact on the company's interest expenses and profitability.