Final Redemption of Non-Convertible Debentures
CAPACITE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Capacite Infraprojects Limited has fully redeemed all its Non-Convertible Debentures (NCDs). The redemption covered 7,500 NCDs with a face value of ₹1 lakh each, totaling ₹75 crore. The NCDs were senior, secured, unlisted, and unrated instruments. As a result of the redemption, all encumbrances created on company assets are being released. Additionally, 10 lakh equity shares held by the Promoter Group that were pledged as security for these NCDs have been released by the Debenture Trustee.
Positive for shareholders as the company has completely paid off ₹75 crore in debt obligations, reducing its financial leverage. The release of pledged promoter shares also removes a potential overhang on the stock.