Viviana Power Tech Limited Board Approves Raising Funds Through Issuance of NCDs
Viviana Power Tech Limited announced that its Board of Directors, at a meeting held on April 28, 2026, approved a significant fundraising plan through the issuance of Non-Convertible Debentures (NCDs).The company approved the raising of funds, amounting to up to Rs. 75,00,00,000/- (Rupees Seventy-Five Crores only). This funding will be structured through the issuance of Rated, listed, senior, secured, transferable, redeemable Non-Convertible Debentures (NCDs). The instruments are set for private placement basis through the Electronic Book Platform, in one or more tranches.
The Board also approved the draft Letter of Offer related to this transaction.
Key Details of the Non-Convertible Debentures
The NCDs are proposed to be listed on the Negotiated Trade Reporting Platform under the New Debt Market exchange(s) of the National Stock Exchange of India Limited.Key financial and structural details of the proposed NCD issuance are as follows:
| Feature | Detail |
|---|---|
| Issuing Company | Viviana Power Tech Limited |
| Maximum Size of Issue | Up to Rs. 75,00,00,000/- (Rupees Seventy-Five Crores only) |
| Security Type | Rated, listed, senior, secured, transferable, redeemable NCDs |
| Total Securities | 75,000 NCDs |
| Face Value/Issue Price | Rs. 10,000/- each |
| Coupon Rate | 12% |
| Payment Schedule | Coupon/Interest payments will be made monthly. |
| Tenure/Maturity | 24 months from Deemed Date of Allotment |
| Principal Repayment | Two equal installments are due at the end of the 21st month and the 24th month. |
| Security Cover | Pari Passu charge on receivables, ensuring cover of 1.25x of the principal outstanding by way of hypothecation. |
| Default Penalty | In case of delay in payment of interest/principal for more than three months, the penalty is 2% per annum over and above the Coupon Rate. |
VIVIANA Stock Price Movement
As of 2:11 PM, shares of Viviana Power Tech Limited are shedding 0.51% in live trading, currently valued at ₹825.00. The stock is seeing a drop amid significant intraday interest, recording a total volume of 24,200 shares.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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