Shares of Dishman Carbogen Amcis Ltd gained 1.90% to ₹210.22 on Wednesday after the company’s board approved the issuance of rated, listed, senior, secured, redeemable, taxable non-convertible debentures (NCDs) aggregating up to ₹50 crore.
The company announced that the debentures would be privately placed with eligible investors, carrying a coupon rate of 10.00% with quarterly interest payments. The tenure of the instrument is 24 months, with the allotment expected on March 27, 2025, and maturity on March 26, 2027.
These debentures will be secured by a first-ranking charge over 100% fixed deposit placed with a scheduled commercial bank as interim security. The company also plans to create an exclusive charge on a freehold land parcel owned by Dishman Infrastructure Limited within 90 days of disbursement, ensuring a security cover of at least 1.25 times.
The company confirmed that the debentures would be listed on the Wholesale Debt Market Segment of BSE Limited.
The decision aligns with Dishman Carbogen Amcis’ financial strategy to enhance liquidity and optimize capital structure while securing long-term financial commitments.
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