Announced Tue, 11 Aug · 14:30 IST
Board approves NCD issuance of Rs 10 crore at 9.85 percent
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+18.5%1-day move
₹215.00
prior close
₹216.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
———+1.4+18.5+19.1+14.0+11.6+19.1+26.9+39.5+29.8——
Up moveDown movePending
AI summary
Emerald Leisures Board approved issuance of 1,000 secured, unlisted, unrated NCDs of Rs 1 lakh each, totalling Rs 10 crore, at 9.85 percent per annum coupon. First tranche of 650 NCDs worth Rs 6.5 crore has been fully allotted. NCDs are secured by mortgage or hypothecation of company assets. Proceeds appear to fund an amusement or theme park project. Interest is paid monthly, principal repaid at maturity, with 2 percent additional default interest.
Likely market impact
Adds Rs 10 crore debt at 9.85 percent cost for theme park project. Increases leverage but supports expansion plans.