Shivam Autotech allots Rs 32 crore NCDs to Alpha Alternatives at 10 percent coupon
SHIVAMAUTO · price
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Shivam Autotech allotted 3,200 secured, unlisted, unrated, redeemable NCDs of Rs 1 lakh face value each, totalling Rs 32 crore, to Alpha Alternatives Structured Credit Opportunities Fund via private placement on December 8, 2025. The NCDs carry a 10 percent annual coupon with tenure up to 36 months and an 18-month moratorium on principal repayment.
Raises Rs 32 crore debt from a single institutional investor; adds interest expense but causes no equity dilution for shareholders.