Description

BSE announces listing of 30,000 non-convertible debentures (NCDs) of Akara Capital Advisors Private Limited with 12% interest rate, maturing on June 11, 2027.

Summary

BSE has listed new debt securities issued by Akara Capital Advisors Private Limited on private placement basis, effective December 12, 2025. The listing comprises 30,000 non-convertible debentures with a face value of Rs. 10,000 each, carrying a 12% per annum interest rate and maturing on June 11, 2027. The securities are rated BBB/Stable by ICRA and will trade exclusively in dematerialized form.

Key Points

  • Quantity of securities listed: 30,000 NCDs
  • Face value: Rs. 10,000 per debenture
  • Issue price: Rs. 10,000 (at par)
  • Scrip code: 977367
  • Scrip ID: 12ACAP27
  • ISIN: INE08XP07431
  • Credit rating: ICRA BBB/Stable
  • Interest rate: 12% per annum
  • Interest payment frequency: Monthly
  • Market lot: 1 unit
  • Tick size: 1 paise
  • Trading mode: Dematerialized form only

Regulatory Changes

No regulatory changes announced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must note that these securities will trade only in dematerialized form under ISIN INE08XP07431
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for detailed information
  • Clarifications can be obtained from BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of allotment: December 11, 2025
  • Listing effective date: December 12, 2025
  • Interest payment period: Monthly from January 11, 2026 to June 11, 2027
  • Maturity/redemption date: June 11, 2027

Impact Assessment

This listing has minimal market-wide impact as it pertains to privately placed debt securities in a specific company. The impact is limited to:

  • Debt market participants interested in BBB-rated instruments
  • Investors seeking monthly income with 12% annual returns
  • Trading members dealing in corporate debt securities

The securities carry no put/call options, providing straightforward investment terms. The ICRA BBB/Stable rating indicates moderate credit quality with stable outlook, suitable for investors with appropriate risk tolerance in the debt segment.

Impact Justification

Routine listing of privately placed debt securities with limited market impact, affecting only debt segment participants and investors in this specific instrument.