PVP Ventures Limited has informed the Exchange about General Updates
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PVP Ventures has allotted 15,000 secured, rated, listed Non-Convertible Debentures (NCDs) of face value ₹1,00,000 each, aggregating to ₹150 crore, on a private placement basis. The NCDs are split into two series: Series A of ₹95 crore allotted to LICHFL Housing & Infrastructure Fund, and Series B of ₹55 crore allotted to LICHFL Real Estate Debt Opportunities Fund – I. The NCDs carry a coupon of 18% per annum plus a 1% redemption premium, have a 4-year tenure, and are backed by multiple securities including promoter guarantees, share pledge, and mortgage. Interest will be paid quarterly after an initial 12-month moratorium period.
This ₹150 crore high-cost debt (18% coupon) strengthens the company's capital base but also adds significant interest burden. The promoter personal and corporate guarantees, along with share pledge, signal aggressive leveraging, which shareholders should monitor closely for future dilution or financial stress.