Announced Tue, 14 Jul · 17:54 IST
QGO Finance allots 100 unsecured NCDs worth Rs 1 crore at 12 percent
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
+1.0%1-day move
₹43.01
prior close
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base price
After-mkt
timing
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AI summary
QGO Finance allotted 100 unsecured, unlisted, redeemable Non-Convertible Debentures of Rs 1 lakh each, totalling Rs 1 crore, via private placement to eligible investors. This is Tranche XLV out of a total issue size of Rs 6 crores. The NCDs carry 12 percent per annum interest payable monthly, with a 9 year tenure maturing on 13 July 2035. The instruments are unsecured and will not be listed on stock exchanges.
Likely market impact
Raises Rs 1 crore via high yield 12 percent NCD private placement. Small debt raise with no equity dilution, neutral to mildly positive for shareholders.