QGO Finance Ltd Allots Unsecured NCDs Valued at Rs 1 Crore in Private Placement
QGO Finance Ltd has completed the allotment of Transferable Unsecured Non-Convertible Debentures (NCDs) as part of a private placement offering. The company allotted 100 such debentures, aggregating to a total value of Rs 1,00,00,000/- (Rupees One Crore Only).The allotment provides an opportunity for eligible investors, and the NCDs are unsecured, unlisted, and designated as redeemable.
Key Details of the Allotment
The issuance details indicate that the total size of the issue is Rs 6,00,00,000/- (Rupees Six crores Only), while the current allotment amounts to Rs 1,00,00,000/-. The debentures carry a coupon/interest rate of 12% per annum, which will be paid monthly.The instrument has a tenure spanning nine years. The date of allotment is set for July 14, 2026, with the scheduled date of maturity being July 13, 2035. Since these are unsecured NCDs, no charge or security has been created over the company's assets.
The primary details pertaining to the issued securities are summarized below:
| Particular | Detail |
|---|---|
| Type of Securities | Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) |
| Issue Basis | Private Placement to eligible investors |
| Number Allotted | 100 |
| Total Allotment Size | Rs 1,00,00,000/- |
| Total Issue Size | Rs 6,00,00,000/- |
| Tenure | 9 years |
| Interest Rate | 12% per annum (Monthly payment) |
The allotment represents a specific tranche, with 100 securities allotted and 500 pending allotment. QGO Finance Ltd confirmed that zero securities have been previously allotted under this series.
Stock Price Movement
For QGO Finance Ltd, the stock finished lower at ₹43.02 as of market close today, shedding 2.74%. The share price saw significant movement during the session, trading within a wide intraday range that stretched from a low of ₹43.00 to a high of ₹44.98.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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