Announced Tue, 4 Aug · 14:06 IST
Board approves allotment of 55 Crore NCDs via private placement
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Emerald Leisures board approved allotment of 550 secured NCDs worth Rs. 55 Crore on private placement basis. Total issue size is Rs. 105 Crores across 3 tranches. NCDs carry 10 percent annual coupon paid monthly, plus 6 percent redemption premium compounded quarterly. Tenure is 36 months with 50 percent repayment at month 18 and balance at month 36. Secured by mortgage on company assets. Not listed on stock exchanges.
Likely market impact
Company raises Rs. 55 Crore via secured debt; total Rs. 105 Crore planned. Adds interest burden but boosts liquidity. No equity dilution.