Description
BSE announces listing of seven series of secured NCDs by Sakthi Finance Limited with face value of Rs. 1,000 each.
Summary
BSE announces the listing of seven series of Secured Redeemable Non-Convertible Debentures (NCDs) issued by Sakthi Finance Limited. All NCDs have a face value of Rs. 1,000 each with coupon rates ranging from 9.00% to 10.25% per annum.
Key Points
- Seven series of secured NCDs with different maturity periods (2027-2032)
- Total securities across all series: 14,99,000 NCDs
- Face value: Rs. 1,000 per NCD across all series
- Coupon rates: 9.00% and 10.25% per annum
- Credit rating: [ICRA] BBB (Stable)
- Market lot: One NCD
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- NCDs are secured and redeemable as per terms
- Interest payment frequencies vary by series (Monthly/Cumulative)
- Put/Call options not applicable for these instruments
Important Dates
- Date of Allotment: August 29, 2025
- Maturity dates range from August 29, 2027 to September 29, 2032
- First Interest payment dates vary by series structure
Impact Assessment
Routine debt listing with minimal market impact. Provides additional debt financing options for Sakthi Finance Limited and investment opportunities for debt investors seeking BBB-rated instruments with yields between 9.31% to 10.65%.
Impact Justification
Routine debt listing announcement with limited market impact