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 has allotted the sixth tranche of secured redeemable non-convertible debentures (NCDs) on a private placement basis. A total of 7,950 NCDs with a face value of Rs 1,000 each were issued, raising Rs 79.50 lakh in total. The allotment was approved by the Debenture Committee and completed on August 28, 2025. The NCDs are unlisted and being placed privately with select investors, not offered to the public. No details on coupon rate, tenor, or use of proceeds were disclosed in this intimation.
The fundraising size is quite small (under Rs 1 crore), so the direct impact on the stock is likely minimal. However, it signals the company is actively raising debt capital in small tranches, which shareholders should track for overall leverage and the purpose of these borrowings.