UNO Minda Limited has informed the Exchange regarding allotment of 20000 Non Convertible Debentures at its meeting held on August 19, 2025
UNOMINDA · price
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Awaiting price reaction for this filing.
UNO Minda has allotted 20,000 unsecured, listed, rated, redeemable NCDs of face value Rs 1,00,000 each, aggregating to Rs 200 crore, on a private placement basis. The issue is split into two series of Rs 100 crore each — Series 1 carries a 7.12% coupon maturing on October 29, 2026, and Series 2 carries a 7.11% coupon maturing on November 27, 2026. Both series have short tenures of roughly 14-15 months with annual interest payments. The NCDs will be listed on BSE. This is the first tranche, suggesting the company may raise additional debt in subsequent tranches as previously intimated in February 2025.
This is a pure debt raise with no equity dilution for shareholders. The short tenor and moderate coupon rates (~7.1%) suggest a tactical funding move, likely for working capital or refinancing, with limited pressure on interest costs. Existing shareholders are unaffected on the equity front, though overall leverage will rise marginally.