Issuance of Second Tranche of Non-Convertible Debentures (NCDs)
CSLFINANCE · price
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CSL Finance Ltd has decided to proceed with the issuance of the second tranche of non-convertible debentures (NCDs) aggregating up to Rs. 30 crores. This follows the Board's earlier approval in March 2026 for issuing NCDs of various types (listed or unlisted, secured or unsecured, rated or unrated) on a private placement basis, up to an aggregate limit of INR 150 crore. The NCDs will be listed on BSE Limited. Coupon/interest details, tenure, and security specifics will be as per the Disclosure Document.
The company is raising debt through NCDs to fund its operations or business growth. This issuance increases the company's liabilities but provides necessary capital. The private placement nature means limited immediate dilution impact on existing shareholders.