PAKKA LIMITED Approves INR 540 Crore Issuance of Secured Non-Convertible Debentures
Pakka Limited announced that its Board of Directors, in a meeting held on May 26, 2026, approved significant financial restructuring measures, including the issuance of Non-Convertible Debentures (NCDs) aggregating up to INR 540 Crores.The Board reviewed and approved the issuance and allotment of non-convertible debentures (NCDs) on a private placement basis. The total proposed issuance is structured into two tranches:1. Junior NCDs: Up to 324,000 unlisted, junior, secured, unrated, redeemable non-convertible debentures, each with a face value of INR 1,00,000, aggregating up to INR 324 crores.
2. Senior NCDs: Up to 21,600 unlisted, senior, secured...