Asian Hotels North raises Rs 300 cr via NCDs at 12.5% coupon

Ncd High Yield 12pctFund Raising View source PDF Explain this filing

ASIANHOTNR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹310.05

prior close

₹320.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+3.2% vs market

Hotels & Resorts peers, median of 54sector-1.5%+3.4% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 3.4 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-2.0

15m

-0.9

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-1.3+3.2-1.5+3.4

Next day

-0.4-4.0+3.5-4.9+4.4

-1.6-4.8+3.2-5.1+3.5

+1.6-3.3+4.9-5.5+7.1

-1.6-5.3+3.7-5.7+4.1

-0.9-5.2+4.3-5.6+4.7

-3.3-3.7+0.4-5.8+2.5

15d

-11.1+3.6-14.7-1.4-9.7

-4.5+0.1-4.7-5.1+0.6

-5.0-8.9+3.9-14.6+9.5

-3.3+3.2-6.6-4.2+0.8

UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 54Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved issuing 3,000 unlisted, secured NCDs of Rs 10 lakh each, aggregating Rs 300 crore, via private placement. Coupon is 12.5% yearly, paid monthly. 2-year tenure with 10% redemption at 12 months, 10% at 18 months, 80% at end. Secured against hotel property. Company has prior defaults of Rs 770.12 crore on bank loans as of Dec 31, 2025.

Likely market impact

Raises Rs 300 cr debt at high 12.5% cost, signals balance sheet stress with prior Rs 770 cr defaults. NCDs unlisted, so no equity dilution.