Share India allots fifty crore rupees NCDs at ten point five percent coupon
SHAREINDIA · price
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Share India Securities allotted fifty thousand listed secured NCDs on private placement, raising fifty crore rupees at ten point five percent annual coupon. Debentures have face value of ten thousand rupees each, monthly interest payments, and bullet principal repayment after four hundred fifty nine days. Secured by pari passu charge on current assets and receivables with one point three five times cover and promoter personal guarantee. Will be listed on BSE wholesale debt market segment.
Raises fifty crore rupees at ten point five percent to fund MTF and operations. Debt instrument, no equity dilution. Promoter guarantee adds comfort.