RattanIndia Power Limited has announced the successful repayment of an aggregate external indebtedness of ₹510 crore. This repayment includes a principal amount along with accrued interest, indicating the company’s commitment to reducing its debt obligations.
Key Details:
- Repayment Components:
- An aggregate of ₹410 crore represented by 41,000 Series I Non-Convertible Debentures (NCDs) with a face value of ₹1 lakh each.
- A Rupee Term Loan of ₹100 crore.
The repayment is part of RattanIndia Power’s financial strategy to refinance its outstanding external debts. The company had initially issued and allotted Series I, II, and III unlisted, secured NCDs totaling ₹1,125 crore in June 2023, with a portion convertible into a Rupee Term Loan of ₹100 crore.
RattanIndia Power continues to service its obligations, including the principal and interest payments on Series II and III NCDs as per the relevant agreements. The company emphasizes its commitment to meeting all debt repayment schedules and improving its financial standing.
