Approved the proposal for issuance of unlisted, secured, 9.5% redeemable non convertible debentures (NCD) on private placement basis.
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The board of Real Touch Finance Ltd has approved raising funds through the issuance of unlisted, secured, 9.5% redeemable non-convertible debentures (NCDs) on a private placement basis. The NCDs will be offered privately to selected investors rather than through a public issue. The coupon rate of 9.5% is a fixed interest rate that investors will earn until the NCDs are redeemed. As these are non-convertible, they cannot be converted into equity shares of the company. The detailed document on BSE was not accessible (page moved), so exact issue size and timeline are not available from the filing text.
This is a debt-raising move, not an equity dilution event, so existing shareholders will not see their stake reduced. The 9.5% interest rate will add to the company's interest expenses, and shareholders should watch for how the proceeds are deployed (lending, growth, or refinancing). It is a routine private debt placement and unlikely to cause a sharp stock price reaction on its own.