Himatsingka Seide allots Rs 50 Cr Series C NCDs at 11.5 percent coupon
HIMATSEIDE · price
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Himatsingka Seide's Securities Committee allotted 1,000 Series C NCDs at Rs 5 lakh face value, totaling Rs 50 crore, via private placement at par on June 30, 2026. Coupon is 11.50 percent per annum, payable quarterly over 42 months, maturing December 30, 2029. Principal to be repaid in three instalments at 30, 36, and 42 months. NCDs are senior, secured, unlisted and unrated, backed by first pari-passu charge on fixed assets at Hassan and Doddaballapur plants in Karnataka.
Rs 50 crore debt raised at 11.5 percent will lift interest costs. Unlisted NCDs mean no equity dilution. Adds to existing debt with 42-month lock-in.