Announced Wed, 8 Jul · 13:15 IST
Share India allots NCDs worth Rs 50 crore on private placement
Fund Raising View source PDF
SHAREINDIA · price
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Price reaction · full curve 14 horizons · vs prior close
+8.3%1-day move
₹164.91
prior close
₹181.23
base price
In-mkt
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AI summary
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.
Likely market impact
Company raises Rs 50 crore of debt at 10.50% interest, likely for growth funding. No equity dilution. Existing shareholders unaffected.