Pilani Investment and Industries Corporation Limited has informed the Exchange about General Updates - allotment of non convertible debentures
PILANIINVS · price
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Pilani Investment and Industries Corporation has allotted 50,000 unsecured, listed, rated, non-cumulative, redeemable Non-Convertible Debentures (NCDs) of face value ₹1,00,000 each, aggregating to ₹500 crores, via private placement. The NCDs carry a coupon rate of 8.11% per annum, payable annually, with the first payment on 24 April 2026. They have been rated AA+ (Stable) by both CARE and CRISIL, and will be listed on the Wholesale Debt Market segment of BSE. The tenure is 3 years and 1 month, maturing on 24 April 2029, with redemption at par. The allotment was approved by the Investment and Finance Committee of the Board on 25 March 2026.
The company has raised ₹500 crores through NCDs at a competitive 8.11% coupon, which is a relatively low borrowing cost given the AA+ rating. This indicates healthy access to debt markets for the NBFC, but there is no direct material impact on equity shareholders since these are non-convertible instruments.