Share India allots NCDs worth Rs 50 crore on private placement
SHAREINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.7 pts more than Nifty Microcap 250 and 8.2 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Share India Securities allotted 50,000 NCDs via private placement, aggregating to Rs 50 crore. Face value Rs 10,000 each. Coupon is 10.50% per annum, paid monthly. Tenure 459 days from July 8, 2026, with principal as lump sum at maturity. NCDs are listed on BSE WDM segment, secured by pari-passu charge over current assets with 1.35x minimum cover and promoter guarantee.
Company raises Rs 50 crore of debt at 10.50% interest, likely for growth funding. No equity dilution. Existing shareholders unaffected.