INDERGIRI FINANCE Ltd allots NCDs

The Board of Directors of INDERGIRI FINANCE LIMITED has passed a circular resolution on 27.06.2024 for Allotment of 15, 11% Unlisted, Unrated, Secured, Redeemable NonConvertible Debentures for Rs. 1,50,00,000/- (One Crores Fifty Lakhs Only).

The Debentures shall be secured by way of first ranking pari passu charge with future secured creditors, on all movable assets, including book debts and receivables, cash and bank balances, other movable assets, loans and advances, both present and future of the Company equal to the value of one time of the NCDs outstanding plus interest accrued thereon. Our Company will create the security for the NCDs in favour of the Debenture Trustee for the Debenture Holders holding the NCDs on the assets to ensure 100.00% security cover or higher of the amount outstanding including interest in respect of the NCDs at any time Applicable.

Shares of INDERGIRI FINANCE LTD. was last trading in BSE at Rs. 49.05 as compared to the previous close of Rs. 49.59. The total number of shares traded during the day was 1874 in over 24 trades.

The stock hit an intraday high of Rs. 52.06 and intraday low of 47.13. The net turnover during the day was Rs. 94635.00.

Source : Equity Bulls

Keywords

INDERGIRIFINANCE INE628F01019 FundRaising NCDs