Shares of Wanbury Ltd (NSE: WANBURY) surged 2.56% to ₹193.11 on March 6, 2025, after the company announced the successful refinancing of its outstanding Non-Convertible Debentures (NCDs), leading to significant interest cost savings.
Key Highlights of the Refinancing
- Repurchased ₹95 crore worth of 21% Secured NCDs, originally issued in July 2023 to NEO AIF and associates.
- Secured ₹175 crore refinancing package from Emerging India Credit Opportunities Fund II, an associate of Investec Capital Services (India) Pvt. Ltd.
- The new loan carries a reduced interest rate of 12.5% p.a., significantly cutting financial costs.
- ₹150 crore of the refinancing amount will be used to repay existing debt, while the remainder will support working capital and capital expenditure (capex) for growth.
- The loan tenure is five years, with an average maturity of 3.25 years and a nine-month moratorium.
Company’s Strategic Vision
Mohan Rayana, Whole-Time Director of Wanbury Ltd., stated that the refinancing underscores the company’s commitment to financial stability and shareholder value optimization. He credited Wanbury’s strong revenue performance and strategic growth outlook for securing favorable financing terms.
Stock Performance Summary
- Current Price: ₹193.11 (+2.56%)
- Previous Close: ₹188.29
- Day Range: ₹192.00 – ₹196.50
- 52-Week Range: ₹123.00 – ₹323.53
- Market Cap: ₹6.36 billion
- P/E Ratio: 14.98
- Average Volume: 152.46K
The positive financial restructuring has boosted investor confidence, positioning Wanbury Ltd. for long-term growth and stability.
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