Raising of Funds by way of issuance of Non-Convertible Debentures, on private placement basis
QUINT · price
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Quint Digital Limited's board approved the issuance of up to 10,000 Non-Convertible Debentures (NCDs) with a face value of Rs. 1 lakh each, aggregating up to Rs. 100 crore. The NCDs will be issued in one or more tranches on a private placement basis under the Companies Act, 2013. Key terms such as tenure, coupon rate, security details, and listing status are yet to be decided and will be disclosed at the time of allotment. The NCDs are not proposed to be listed on any stock exchange. The funds are intended for general corporate purposes and financing activities.
The Rs. 100 crore debt raise will increase the company's liabilities and financial obligations. Since the NCDs are not listed, investors should monitor the coupon rate and tenure to assess the cost of this borrowing and its impact on the company's interest burden and financial health.