RattanIndia Power Limited has informed the Exchange about General Updates-Intimation about repayment of Non Convertible Debentures (NCD) issued by RattanIndia Power Limited (the Company).
RTNPOWER · price
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RattanIndia Power Limited has fully repaid its Non-Convertible Debentures (NCDs), including both the principal amount and the interest accrued. These NCDs (Series I, II, and III) were unlisted, secured, and originally issued on June 23, 2023 for an aggregate value of ₹1,025 crores. The proceeds were used at the time to refinance the company's existing external borrowings. The full repayment was completed by July 1, 2025.
This is a positive development for shareholders as it signals reduced debt burden and improved financial flexibility for the company. Lower interest obligations going forward could support profitability, though investors should note the source of funds used for this repayment.