Announced Tue, 30 Jun · 14:48 IST
Himatsingka Seide allots Rs 50 crore Series C NCDs at 11.50%
Fund Raising View source PDF
HIMATSEIDE · price
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Price reaction · full curve 14 horizons · vs prior close
+5.1%1-day move
₹86.50
prior close
₹90.78
base price
In-mkt
timing
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AI summary
Himatsingka Seide allotted 1,000 Series C secured NCDs of Rs 5 lakh face value each, aggregating Rs 50 crore, via private placement to eligible investors. Coupon is 11.50% p.a. payable quarterly over a 42 month tenor, maturing December 30, 2029. Principal will be repaid in three instalments at months 30, 36 and 42. NCDs are senior, unlisted and unrated, secured by first charge on fixed assets at Hassan and Doddaballapur plants.
Likely market impact
Company privately raises Rs 50 crore debt at 11.50% cost. No equity dilution, but adds to overall debt and servicing obligations for shareholders.