Share India Securities Approves Issuance of Up To INR 150 Crores in Secured NCDs
Share India Securities Limited has approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis, aggregating up to INR 150 Crores. The debentures are secured and proposed for listing on the Wholesale Debt Market (WDM) segment of the BSE Limited.The company’s Finance Committee sanctioned the issuance of up to 1,50,000 secured, rated, listed, taxable, transferable, and redeemable NCDs. Each NCD has a face value of INR 10,000, with the total issue size amounting to INR 150 Crores.The debt instruments are designed for private placement and carry specific terms regarding tenure, interest payments, and security backing.Key details...