Press Release : Nisus Finance update on business and outlook on current situation. Further details as per attached intimation in pdf.
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Awaiting price reaction for this filing.
Nisus Finance issued a press release addressing two main topics. First, regarding the ongoing geopolitical tensions in the Gulf region, the company stated that its DIFC-based fund investments remain unaffected with no impact on its balance sheet, and that its investment portfolio is fully insured against force majeure events. Second, the company provided an update on its debt reduction: it raised INR 110 crore in August from Tata Capital and DSP to fund the NCCCL stake acquisition, and has since repaid more than two-thirds of this amount within seven months, including an early repayment of INR 10 crore on 26 February. Total outstanding debt now stands at INR 38 crore, and promoter share pledge is proposed to be reduced to approximately 44,97,928 shares (around 18.84% of total outstanding shares). The company also highlighted strong capital position, an intact investment pipeline, and plans to accelerate India business operations.
Positive for shareholders: the company is deleveraging aggressively and ahead of schedule, which should reduce promoter pledge-related risk overhang. Reassurance on Gulf exposure and force majeure insurance addresses short-term geopolitical concerns, though the market may still want to see tangible NAV and income impact numbers.