Description
BSE announces listing of seven series of secured redeemable non-convertible debentures issued by Sakthi Finance Limited with varying tenures and coupon rates.
Summary
BSE has listed seven series of Secured Redeemable Non-Convertible Debentures (NCDs) issued by Sakthi Finance Limited. The debentures have face values of ₹1,000 each with varying coupon rates from 9.00% to 10.25% per annum and maturity periods ranging from 2 to 7 years.
Key Points
- Total of seven NCD series with different scrip codes (940621, 940623, 940625, 940627, 940629, 940631, 940633)
- Face value: ₹1,000 per NCD across all series
- Issue price: ₹1,000 per NCD for all series
- Coupon rates: 9.00% to 10.25% per annum
- Effective yields: 9.31% to 10.65% per annum
- Date of allotment: August 29, 2025
- Credit rating: [ICRA] BBB (Stable)
- Market lot: One NCD
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Standard NCD listing compliance requirements apply
- Interest payment obligations as per respective series terms
- Redemption obligations at maturity dates
Important Dates
- Allotment Date: August 29, 2025
- First Interest Payment: October 1, 2025 (for monthly series) / August 29, 2027 (for cumulative series)
- Maturity Dates: Range from August 29, 2027 to September 29, 2032
- Redemption amounts vary from ₹1,000 to ₹2,013.13 per NCD
Impact Assessment
Minimal market impact as this is a routine debt security listing. The NCDs provide investment options for debt investors seeking fixed income securities with ICRA BBB rating. The variety of tenure and interest payment options caters to different investor preferences.
Impact Justification
Routine debt security listing with no significant market impact