Supra Pacific Financial Services Approves Rs 5 Crore Non-Convertible Debenture Issue on Private Placement Basis
Supra Pacific Financial Services Ltd has approved the issuance of secured, unrated, unlisted, Non-convertible Debentures (NCDs) totaling Rs 5,00,00,000. The company is offering these debentures through a private placement basis, with a minimum subscription requirement set at ₹1 Crore or above per investor.The issuance involves the creation of security over the current assets of the company. These NCDs are structured to have a tenure of two years and do not propose to be listed on any stock exchange.
The debenture offer details include an interest rate of 11.60% for the full two-year period, with scheduled monthly interest payments. The principal repayment is set for the end of two years upon maturity. No special rights or privileges have been attached to the instrument.
Key financial and tenure aspects of the NCD issuance are summarized below:
| Particular | Detail |
|---|---|
| Issue Size | 50,000 Non-Convertible Debentures (NCD) aggregating Rs 5,00,00,000 |
| Minimum Subscription | ₹1 Crore or above per investor |
| Tenure / Maturity Date | 2 years |
| Interest Rate | 11.60% for 2 years (Monthly payment) |
| Principal Repayment | At the end of two years (on maturity) |
| Security Created | Current Assets of the company |
| Listing Status | Not proposed to be listed |
Stock Price Movement
As of 12:25, Supra Pacific Financial Services Ltd trails lower at ₹31.77, ticking down 0.31%. The shares have moved significantly throughout the day, spanning an intraday range from a low of ₹30.30 to a high of ₹32.98.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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