Announced Tue, 4 Aug · 13:57 IST
Dev Accelerator allots Rs 100 crore NCDs at 11.75% 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
₹33.99
base price
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AI summary
Dev Accelerator allotted 100,000 senior, secured, listed, redeemable non-convertible debentures at face value of Rs 10,000 each, raising Rs 100 crore on a private placement basis. The NCDs carry an 11.75% annual coupon paid monthly, have a 36-month tenure maturing on August 4, 2029, and will be listed on BSE Wholesale Debt Market. Secured by first ranking pari passu charge over movable and immovable assets with 1.0x security cover rising to 1.5x after 90 days.
Likely market impact
Raises Rs 100 crore debt at 11.75% cost. High coupon reflects funding cost; secured by company assets. No equity dilution.