Salem Erode Investments Ltd Approves Allotment of Unlisted Secured Redeemable Non-Convertible Debentures
Salem Erode Investments Ltd has approved the allotment of unlisted secured redeemable non-convertible debentures (NCDs) through a private placement basis. This decision was made by the Company's Debenture and Bond Committee during its meeting held on August 01, 2026.The committee sanctioned the issuance and subsequent allotment of 36,950 unlisted secured redeemable non-convertible debentures. Each debenture has a face value of ₹ 1,000/- (Rupees One Thousand Only), aggregating to a total value of ₹ 3,69,50,000 (Rupees Three Crore Sixty Nine Lakhs Fifty Thousand Only).
Out of the total allotment amount, Non-Convertible Debentures aggregating to ₹ 3,00,00,000 (Rupees Three Crore Only) have been allotted specifically to ICL Fincorp Limited, which is the Holding Company of Salem Erode Investments Ltd.
Stock Price Movement
Salem Erode Investments Ltd settled at ₹34.51 on Friday, declining by 4.62% in the markets. The shares traded through an intraday range, moving between a low of ₹34.00 and a high of ₹36.17.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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