Board approves NCD private placement up to Rs 10 Crore

Ncd High Yield 12pctFund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹11.98

prior close

₹12.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+0.3% vs market

Non Banking Financial Company (NBFC) peers, median of 215sector+0.4%+0.2% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.2 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.6+0.3+0.3+0.4+0.2

Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 215Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board of Transwarranty Finance approved issuance of unlisted NCDs via private placement worth up to Rs 10 Crore. Mix of secured (with pari-passu charge on current assets) and unsecured NCDs. Tenures range 13 months to 5 years. Coupons range from 11.25 percent to 15 percent per annum, with special category offering 15 percent for 18 months. Not proposed for listing.

Likely market impact

No equity dilution as NCDs are debt, but high coupons up to 15 percent will raise interest costs and may pressure margins.