R Systems allots INR 275 crore of five-year non-convertible debentures
RSYSTEMS · price
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On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.8 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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R Systems allotted 27,500 rated, unsecured, redeemable non-convertible debentures of INR 100,000 each, raising INR 275 crore via private placement. They pay a 9.75 percent annual coupon quarterly and mature on November 11, 2030. Principal will be repaid in six equal half-yearly instalments from May 11, 2028.
The issue adds INR 275 crore of debt and about INR 26.81 crore of annual interest cost, with no equity dilution. Higher leverage may weigh on the stock.