Announced Wed, 22 Jul · 15:27 IST
Quint Digital allots 5000 NCDs worth Rs 50 Cr via private placement
QUINT · 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
-4.3%1-day move
₹39.88
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-4.3-3.1-7.2———————
Up moveDown movePending
AI summary
Quint Digital's board has allotted 5,000 secured, unlisted, unrated NCDs with a face value of Rs 1 lakh each, totalling Rs 50 crore, via private placement to eligible investors. The NCDs carry a 13.77% annual coupon payable quarterly and mature on November 15, 2028. This is the first tranche of an approved Rs 100 crore issuance plan.
Likely market impact
Raises Rs 50 crore debt at a high 13.77% coupon. First tranche of Rs 100 crore plan; adds to leverage and interest obligations for shareholders.