Board approves Rs 3,000 Cr NCDs and USD 130 mn notes; cancels Rs 600 Cr NCD plan

Fund Raising View source PDF Explain this filing

LLOYDSME · price

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Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹1839.20

prior close

₹1838.10

announcement price

After-mkt

timing

Nifty Midcap 150market-0.3%-1.3% vs market

Industrial Minerals peers, median of 12sector-0.9%-0.7% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Midcap 150 and 0.7 pts less than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

-0.5

15m

-0.9

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6-0.3-1.3-0.9-0.7

Next day

+0.4-0.4+0.8-1.1+1.5

-2.1-1.5-0.6-3.2+1.2

-2.1-2.8+0.7-6.7+4.6

-2.1-3.6+1.5-7.5+5.4

-3.1-5.6+2.5-9.8+6.7

-3.5-3.7+0.3-6.9+3.4

15d

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UpDownMarket · Nifty Midcap 150Sector · Industrial Minerals peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved NCD issuance up to Rs 3,000 Crore via private placement in tranches, to be listed on BSE/NSE. Also approved USD-denominated senior secured notes up to USD 130 million (with USD 50 mn upsize option) under Regulation S. Separately, cancelled a Rs 600 Crore NCD plan approved on 21 Sept 2026; the Rs 950 Crore NCD approval from the same date remains unaffected.

Likely market impact

Major debt raise points to large capex or expansion plans. No equity dilution. Cancellation of one NCD tranche may reflect revised funding strategy.