Crest Ventures Limited has informed the Exchange regarding outcome of Debenture Fund Raising Committee Meeting held on December 12, 2025, to issue 12% Rated, Listed, Unsecured, Senior, Transferable, Redeemable, Non-Convertible Debentures with a base issue size upto INR 75 Crores with a Green Shoe Option upto INR 25 Crores aggregating upto INR 100 Crores on Private Placement Basis
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Crest Ventures Limited's Debenture Fund Raising Committee met on December 12, 2025, and approved the issuance of 12% Rated, Listed, Unsecured, Senior, Transferable, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis. The base issue size is up to INR 75 Crores, with a Green Shoe Option of an additional INR 25 Crores, aggregating up to INR 100 Crores. The NCDs are senior-ranking instruments, meaning they will have priority in repayment over any future subordinated debt. The funds raised will bolster the company's capital base, though the specific end-use has not been disclosed in this announcement.
This is a debt-raising exercise worth up to INR 100 Crores at a 12% coupon rate, which is on the higher end and signals either elevated risk perception by lenders or aggressive growth funding needs. Shareholders should watch for dilution risk (none here since these are NCDs, not equity) and any future updates on the use of proceeds and impact on interest coverage.