Announced Wed, 24 Jun · 19:18 IST
Anand Rathi Share Brokers allots Rs 11.10 cr NCDs at 9 percent coupon
Fund Raising View source PDF
ARSSBL · price
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Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹553.20
prior close
₹554.50
base price
After-mkt
timing
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-0.2-0.2+0.0-0.5-3.6+0.6+0.9+3.0+1.6+3.2-3.5-7.3——
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AI summary
Anand Rathi Share and Stock Brokers allotted 1,110 secured, unlisted, redeemable NCDs via private placement, raising Rs 11.10 crores. Face value Rs 1 lakh each, 9 percent annual coupon paid quarterly, 3-year tenure maturing June 22, 2029. Secured by first charge on company assets and book debts. Total approved issue size is Rs 12.85 crores; remaining NCDs may be allotted later.
Likely market impact
Raises Rs 11.10 cr of debt at 9 percent for 3 years. No equity dilution since unlisted; secured against company assets.