Himatsingka Seide allots Rs 35 Crore NCDs at 11.50% via private placement
HIMATSEIDE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Himatsingka Seide has allotted 700 Tranche 2 Series D unlisted, secured, redeemable Non-Convertible Debentures (NCDs) on July 10, 2026 via private placement. Face value is Rs 5 lakh each, aggregating to Rs 35 crore, issued at par. Coupon is 11.50% per annum, payable quarterly. Tenure is 42 months with maturity on January 10, 2030. Principal will be repaid in three instalments at the end of 30, 36 and 42 months. NCDs are secured by first pari passu charge on fixed assets at manufacturing plants in Hassan and Doddaballapur, Karnataka.
Debt raise via NCDs, no equity dilution. Rs 35 crore at 11.50% adds about Rs 4 crore yearly interest cost. NCDs are unlisted and secured by plant assets.