Announced Mon, 6 Jul · 22:30 IST
QGO Finance allots 100 unsecured NCDs worth Rs 1 Cr at 12% annual yield
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹43.48
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.1-2.3-3.5+1.1-1.1-0.1-4.6———
Up moveDown movePending
AI summary
QGO Finance's board approved allotment of 100 unsecured, unlisted, redeemable NCDs of Rs 1 lakh each, totalling Rs 1 crore (out of a Rs 2 crore issue, Tranche XLIV). The NCDs carry 12% annual interest paid monthly, have a 9 year tenure maturing on 5 July 2035, and were placed privately with eligible investors. The NCDs will not be listed on any stock exchange.
Likely market impact
Small private NCD raise; no equity dilution but adds Rs 1 Cr of unsecured debt at a high 12% cost for shareholders.