Announced Tue, 4 Aug · 14:03 IST
Dev Accelerator allots Rs 100 Cr NCDs at 11.75 percent via private placement
DEVX · price
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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹34.00
prior close
₹34.00
base price
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AI summary
Dev Accelerator has allotted 100,000 secured, listed, redeemable non-convertible debentures at Rs 10,000 each, aggregating Rs 100 Crores, on a private placement basis. The NCDs carry an 11.75 percent annual coupon, payable monthly, with a 36 month tenure maturing on August 4, 2029. They are backed by a first ranking pari passu charge on assets and exclusive charge on identified receivables, with a 1.0x security cover rising to 1.5x after 90 days. Listing on BSE Wholesale Debt Market.
Likely market impact
Raises Rs 100 Cr debt at 11.75 percent with monthly coupons and 3 year bullet redemption, backed by asset security. No equity dilution.