Unifinz Capital India Ltd Approves INR 50 Crore Non-Convertible Debt Issuance
Unifinz Capital India Limited has announced the approval of a significant debt issuance, securing a private placement of non-convertible debentures (NCDs). The decision was made by the Asset Liability Management Committee of the company during its meeting on July 21, 2026.The issuance involves a total aggregate nominal value of INR 50,00,00,000 in NCDs. This figure includes an initial offering of 50,000 debentures, each with a face value of INR 10,000. Furthermore, the offering contains a green shoe option for up to 25,00,00,000 additional NCDs, bringing the potential size of the issue to INR 75 Crore.
The company has approved these debentures as listed, rated, senior, secured, taxable, transferable, and redeemable in Indian Rupees (INR). The issuance is structured as a private placement.
Debt Instrument Details
The approved NCDs are set to be listed on the Wholesale Debt Market segment of BSE Limited. Key details regarding the instrument's structure and repayment terms include:| Feature | Specification |
|---|---|
| Total Issue Size | INR 50,00,00,000 (including green shoe option) |
| Number of Debentures | 50,000 (initial offer) |
| Face Value per NCD | INR 10,000 |
| Tenure | 18 months from the Deemed Date of Allotment |
| Date of Allotment | July 28, 2026 |
| Final Redemption Date | January 28, 2028 |
| Interest Rate | 12% per annum, payable monthly |
Security and Default Provisions
The security for the debentures is robust. The NCDs are secured by a first ranking exclusive and continuing charge created over certain identified book debts or receivables of the company, referred to as Hypothecated Assets. Additionally, other security interests may be agreed upon between the company and the holders of the Debentures.The value of the Hypothecated Assets must maintain at least 1.15 times the outstanding amounts throughout the tenure of the debentures.
In the event of a payment default concerning interest or principal, an additional interest rate of 4% per annum over the set Interest Rate will be payable on the outstanding principal amounts. The company confirmed that the debentures shall be redeemed on a pari passu basis by making the full principal payment on the Final Redemption Date.
Stock Price Movement
Unifinz Capital India Ltd. settled at ₹119.95 on Tuesday, edging higher by 0.08%. The shares moved through the day within an intraday range spanning from a low of ₹113.90 to a high of ₹120.00.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.