Description

BSE lists new debt securities of Akara Capital Advisors Private Limited with scrip code 977367, face value Rs. 10,000, 12% p.a. 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 securities comprise 30,000 debentures with a face value of Rs. 10,000 each, carrying a 12% p.a. interest rate with monthly payments, and maturing on June 11, 2027. The securities are rated ICRA BBB/Stable and will trade only in dematerialized form under ISIN INE08XP07431.

Key Points

  • Quantity issued: 30,000 debentures
  • Face value: Rs. 10,000 per debenture
  • Issue price: Rs. 10,000 per debenture
  • Scrip Code: 977367
  • Scrip ID: 12ACAP27
  • ISIN: INE08XP07431
  • Interest rate: 12% per annum
  • Interest payment frequency: Monthly (from January 11, 2026 to June 11, 2027)
  • Date of allotment: December 11, 2025
  • Redemption date: June 11, 2027
  • Credit rating: ICRA BBB/Stable
  • Market lot: 1
  • Trading only in dematerialized form
  • Tick size: 1 paise
  • No put/call options available

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for newly issued debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN number
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • Any clarifications required should be directed to the debt department at contact numbers: 22728352/8597/8995/5753/8915

Important Dates

  • Date of allotment: December 11, 2025
  • Listing effective date: December 12, 2025
  • First interest payment: January 11, 2026
  • Interest payment period: January 11, 2026 to June 11, 2027 (monthly)
  • Redemption date: June 11, 2027

Impact Assessment

This listing has minimal market-wide impact as it pertains to a private placement of debt securities by a single entity. The impact is limited to:

  • Debt market participants interested in BBB-rated corporate debt instruments
  • Investors seeking fixed-income securities with 12% annual returns
  • The issuer’s ability to raise capital through debt markets

The securities are of moderate credit quality (ICRA BBB/Stable rating) with a relatively short tenure of approximately 18 months, offering monthly interest payments. This is a routine corporate debt issuance with no broader implications for equity markets or trading operations.

Impact Justification

Routine listing of debt securities on private placement basis with limited market-wide impact, relevant primarily to debt market participants and investors in this specific instrument.