PVP Ventures files corrigendum to NCD key information document
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PVP Ventures has filed a corrigendum to the Key Information Document dated 28 March 2025 for its listed Non-Convertible Debentures. The corrigendum fixes typographical errors on the cover page: the 18 percent coupon is paid quarterly (not annually), the number of debentures is 15,000 (not 1,500), and the redemption date is 8 April 2029 (not 31 March 2029). It also adds a detailed quarterly repayment schedule over the 48-month tenor from the 8 April 2025 deemed allotment date. Total issue size is up to Rs 150 crore across 9,500 Series A and 5,500 Series B debentures of Rs 1 lakh face value each, with a 1 percent annual redemption premium.
Mostly administrative corrections and added clarity on repayment schedule for NCD holders. No material change to coupon, tenor, or issue size for equity shareholders.