OnMobile allots NCDs worth INR 65 crores via private placement
ONMOBILE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
OnMobile's board approved allotment of secured, unlisted, unrated NCDs worth INR 65 crores via private placement. Series A of INR 40 crores (800 NCDs at INR 5 lakh each) carries 13.60 percent annual coupon, paid monthly, with 36-month tenure. Second tranche of INR 25 crores (2500 NCDs at INR 1 lakh each) carries 13.88 percent monthly coupon plus periodic additional coupons at 12, 24 and 36 months, also 36-month tenure. Secured by company assets and first-ranking pledge of 100 percent shares in OnMobile Singapore. Both mature on July 5, 2029.
Raises INR 65 crores without equity dilution, but high coupons (13.60 and 13.88 percent) mean a meaningful interest cost burden. Pledged Singapore subsidiary stake adds collateral risk.