Capacite Infraprojects Ltd Approves Issuance of Senior Secured Debentures worth up to INR 55 Crore
Capacite Infraprojects Limited has approved the issuance of Non-Convertible Debentures (NCDs) through a private placement. The company’s Board of Directors considered and sanctioned the debt instruments, which have been designed with specific security features and repayment structures.The company is issuing Senior, Secured, Rated, Unlisted, Redeemable, and Non-Convertible Debentures (NCDs). These debentures carry a face value of INR 10,00,000 each. The primary tranche is approved up to an aggregate size of INR 35,00,00,000 (Indian Rupees Thirty-Five Crore Only).
The issuance includes a green shoe option amounting to up to INR 20,00,00,000 (Indian Rupees Twenty Crore Only), allowing the total issue size not to exceed INR 55,00,00,000.
Key Terms of the Debenture Issuance
Details regarding the proposed NCDs and their terms are summarized below:| Particular | Details |
|---|---|
| Security Type | Senior, Secured, Rated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) |
| Issuance Method | Private Placement |
| Total Issue Size | Up to INR 55,00,00,000 (including green shoe option) |
| Tenure / Date of Maturity | 42 months from the first date of allotment |
| Coupon/Interest Rate | 12.72% per annum (p.a.), payable monthly |
| Principal Repayment | 13 equal quarterly repayments |
| Security/Charge | Exclusive mortgage over certain immovable properties, subservient charge over current assets, and guarantees from promoters and the promoter group entity |
Default Provisions
The terms specified that in the event of a default by the Company to pay any amount due under the transaction documents on the relevant due date, default charges will accrue at a rate of 2% per annum. This accrual starts from the due date up to the actual date of payment of the outstanding secured obligations.CAPACITE Stock Price Movement
Shares of Capacit'e Infraprojects Limited today slipped by 1.93% to settle at ₹231.35 in post-market trading. The stock saw a volume of 346,426 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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