Allotment of Non-Convertible Debentures worth INR 1,020 crores

Fund Raising View source PDF Explain this filing

EMBDL · price

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Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹63.47

prior close

₹64.33

announcement price

After-mkt

timing

Nifty Microcap 250market-0.5%+1.4% vs market

Residential Commercial Projects peers, median of 66sector-0.7%+1.6% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.6 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-1.2

15m

-1.2

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0-0.5+1.4-0.7+1.6

Next day

-1.1-1.5+0.5-1.3+0.2

-0.3-0.9+0.7-1.1+0.8

+0.0-0.6+0.6-1.1+1.1

-2.0-1.8-0.2-1.7-0.3

-3.0-2.4-0.5-2.8-0.2

-2.3-0.7-1.6-2.4+0.1

15d

-4.5+2.4-6.9-2.5-2.0

-0.9+2.9-3.8-0.8-0.1

-15.6+1.2-16.7-9.0-6.5

-13.1+1.2-14.3-8.2-5.0

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Embassy Developments allotted 1,02,000 senior secured unlisted NCDs at face value of INR 1 lakh each, totaling INR 1,020 crores via private placement at an 11% annual coupon payable quarterly. This is part of an approved issue size of up to INR 1,570 crores. About INR 920 crores will be used to repay or refinance existing debt, with the balance for project construction, working capital and general corporate purposes. Debentures mature by September-December 2029.

Likely market impact

Primarily debt refinancing; adds INR 1,020 cr of secured borrowings but eases near-term repayment pressure. No equity dilution since NCDs are unlisted and unrated.