Announced Fri, 10 Jul · 15:41 IST
Board approves private placement of NCDs up to Rs 6.51 crore
Board & Shareholder Meetings View source PDF
TFL · price
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Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹11.60
prior close
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base price
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AI summary
Transwarranty Finance board approved issuance of unlisted non-convertible debentures (NCDs) on private placement basis, totaling up to Rs. 6.51 crore. This includes Secured NCDs Type A up to Rs. 1.51 crore at 11.75 percent for 13 months, and Unsecured NCDs Type B up to Rs. 5 crore at 11.25 to 12 percent for 3 to 5 years. Interest paid monthly or quarterly. The NCDs will not be listed on exchanges.
Likely market impact
Small debt fundraising via private NCDs. No equity dilution since NCDs are debt instruments. Unlisted, so no direct stock price impact.