Second tranche of 12% NCDs worth Rs 2.79 crore allotted
USHAFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board of Usha Financial Services allotted 279 unlisted 12% secured, redeemable NCDs (Series R) on private placement. Face value Rs 1 lakh each, amounting to Rs 2.79 crore, out of a total approved issue of Rs 10 crore. Coupon is 12% per annum paid monthly, tenure 4 years, maturity on 29-09-2030. Secured by first and exclusive charge on identified receivables.
Second tranche of Rs 2.79 crore 12% NCDs allotted; about Rs 7.21 crore more pending. High monthly interest cost, but debt is secured by receivables.