Fund raising by issue of Non Convertible Debentures
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved seeking shareholder approval to raise up to ₹1,000 Crores by issuing Non-convertible Debentures (NCDs) in one or more tranches. Separately, the board also allotted 52,900 equity shares of ₹5 each under the company's Employee Stock Option Schemes, increasing the total paid-up share capital to ₹82.48 crore across 16,49,74,543 shares. The filing does not specify the coupon rate, tenure, or intended use of proceeds for the NCD issuance.
The ₹1,000 crore NCD issuance signals potential debt expansion and will increase the company's leverage profile. Without specific yield details, investors should monitor the terms and pricing when the NCDs are actually issued.