Pakka Debt & Borrowing: ₹50 Cr
Pakka Limited has allotted the third tranche of secured, unrated non-convertible debentures (NCDs) aggregating ₹50 Crore on a private placement basis.
- Value
- ₹50.00 Cr
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Pakka Limited has allotted the third tranche of secured, unrated non-convertible debentures (NCDs) aggregating ₹50 Crore on a private placement basis.
Pakka Limited approved a private placement of non‑convertible debentures worth INR 50 Crore. The tranche adds to a total issue of INR 540 Crore.
Pakka Limited allotted unlisted, secured NCDs worth ₹375 Crore in two series. The private placement carries interest rates between 11.40% and 19.40% per annum.
Pakka Limited's board approved issuing ₹540 Crore in secured NCDs to refinance existing term loans. It also approved voluntary withdrawal of CARE credit ratings upon transaction completion.