Announced Thu, 25 Jun · 15:20 IST
Pakka allots INR 50 Cr NCD Tranche 2 at up to 19.4 percent yield
PAKKA · price
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Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹81.51
prior close
₹80.54
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2———-1.9+0.1-2.3-1.2-2.6-8.0-14.2-12.3——
Up moveDown movePending
AI summary
Pakka Limited allotted Tranche 2 of secured NCDs worth INR 50 Crores via private placement to Neo Special Credit Opportunities Fund II, a Category II AIF. Issue includes 3000 junior NCDs at 19.40 percent (maturing May 2035) and 2000 senior NCDs at 11.50 percent (maturing June 2033). Part of INR 540 Cr total NCD programme approved by Board in May 2026. NCDs are unlisted, unrated and secured by project assets and current assets of the company.
Likely market impact
High junior NCD yield of 19.40 percent suggests steep borrowing cost. Adds INR 50 Cr secured debt. No equity dilution as NCDs are non-convertible.