Asian Hotels (North) to raise Rs 300 crore via secured NCDs at 12.5 percent 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

Asian Hotels (North) board approved raising up to Rs 300 crore via 3,000 unlisted secured NCDs on private placement basis. Face value Rs 10 lakh each, 2 year tenure, 12.5 percent annual coupon paid monthly. Redemption: 10 percent at 12 and 18 months, 80 percent at maturity. Secured by pari passu charge on Hyatt Regency Delhi hotel. Filing also discloses existing defaults of Rs 770.12 crore on bank loans as of December 2025.

Likely market impact

High cost 12.5 percent debt amid disclosed Rs 770 crore bank loan defaults points to financial stress. No equity dilution as these are unlisted NCDs.