Announced Wed, 24 Jun · 11:43 IST
Board approves Rs 4 Crore NCD raise via private placement in 2 tranches
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹44.08
prior close
₹43.99
base price
In-mkt
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AI summary
QGO Finance board approved raising Rs 4 Crore via privately placed NCDs in two tranches. Tranche V: 400 secured NCDs at Rs 50,000 each totalling Rs 2 Crore, 12 percent annual interest paid monthly, 84 month tenure, secured by company receivables. Second tranche: 200 unsecured NCDs at Rs 1 lakh each totalling Rs 2 Crore, 12 percent interest, 9 year tenure. Both unlisted and not proposed for stock exchange listing.
Likely market impact
Company raises Rs 4 Crore debt at 12 percent interest with no equity dilution. NCDs are unlisted so no direct effect on share trading volume.