26 Jul 2022 , 02:24 PM
The issue aggregates to Rs150 crore on a private placement basis including a green shoe option of Rs50 lakh.
The maturity period will be 547 days (18 months) from the allotment date.
Company stated that if the Redemption Premium and/or Principal are not paid on the Maturity Date, an additional interest rate of 2% per year is added to the Coupon Value.
The instruments will create a Pari-Passu charge over the Book Debts of the wholly owned subsidiary of the Company, i.e Share India Fincap Private Limited.
At around 2.19 PM, Share India Securities was trading at Rs1182.10, down by 1.62% against previous close of Rs1,201.55 on NSE. It touched intraday high and low of Rs1,219.55 and Rs1,181.50 respectively.
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