Announced Tue, 28 Apr · 16:57 IST
Mangalam Worldwide Allots ₹50 Crore NCDs at 10% Coupon via Private Placement
Fund Raising View source PDF
MWL · price
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Price reaction · full curve 14 horizons · vs prior close
+10.5%1-day move
₹319.00
prior close
₹324.95
base price
After-mkt
timing
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AI summary
Mangalam Worldwide allotted 5,000 secured, listed, redeemable non-convertible debentures (NCDs) of ₹1 lakh face value each, aggregating to ₹50 crore, on a private placement basis. The NCDs carry a 10% per annum coupon payable quarterly, with a 36-month tenure maturing on April 28, 2029. They are secured by a mortgage on promoter Mr. Chanakya Prakash Mangal's assets and a pledge of equity shares held by Mr. Vipin Prakash Mangal.
Likely market impact
Company raises ₹50 crore of debt at 10% coupon, increasing leverage but providing funds for growth, expansion, or working capital needs over 3 years.