Hindustan Zinc to raise up to Rs 1,400 Crore via NCDs through private placement
HINDZINC · price
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On the reaction day the stock moved 6.0 pts more than Nifty 100 and 5.4 pts more than its Non - Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hindustan Zinc's Committee of Directors approved issuing unsecured, redeemable, listed non-convertible debentures (NCDs) of up to Rs 1,400 Crore via private placement. The issuance is split into two tranches: STRPP 1 of Rs 420 Crore and STRPP 2 of Rs 980 Crore, totaling up to 1.4 lakh NCDs. The debentures will be listed on BSE. Coupon rate, tenure, and redemption details will be in the disclosure documents. Debentures are unsecured, so no charge on company assets.
Company raising up to Rs 1,400 Crore through unsecured NCDs; no equity dilution. Coupon terms are pending disclosure and will shape debt cost impact.