Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis
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Awaiting price reaction for this filing.
Kings Infra Ventures Ltd has allotted its 13th tranche of unlisted secured redeemable non-convertible debentures (NCDs) through private placement on 13th January 2026. The company issued 6,500 NCDs with a face value of Rs. 1,000 each, raising a total of Rs. 65 lakhs. The Debenture Committee approved the allotment at its meeting held on the same day. Coupon rate, tenor, and other terms of the NCDs were not disclosed in this filing.
This is a relatively small debt raise of Rs. 65 lakhs via private NCDs, which adds a modest amount to the company's borrowings without diluting equity. For retail shareholders, the impact on stock price is limited given the small size, though it signals continued reliance on private debt financing.