Angel One’s Loan, Investment and Borrowings Committee has approved the issuance of Senior, Rated, Secured, Listed, Redeemable Non-Convertible Debentures (NCDs) to raise ₹50 Crore. The NCDs will be issued on a private placement basis to eligible investors. These NCDs, having a face value of ₹1,00,000 each, are proposed to be listed on the Wholesale Debt Market Segment of the NSE.
NCD Issuance Details
Angel One has finalized the issuance of Senior, Rated, Secured, Listed, Redeemable Non-Convertible Debentures (NCDs), as approved during the Loan, Investment and Borrowings Committee meeting held on February 03, 2026. The company aims to raise ₹50 Crore through this issuance.
Key Terms and Conditions
The NCDs will be issued on a private placement basis to eligible investors. A total of 5000 NCDs will be issued, each with a face value of INR 1,00,000, summing up to a total issue size of INR 50,00,00,000 (Indian Rupees Fifty Crore). These NCDs are proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Limited (NSE).
Tenure and Interest Rate
The tenure of the instrument is 18 (eighteen) months from the Deemed Date of Allotment. The coupon/interest offered is 8.75% (eight decimal seven five percent). The schedule of payment will be detailed in the Key Information Document (KID).
Charge and Security
A first pari-passu charge by way of hypothecation will be created over all present and future trade receivables and loans in the form of margin trading facilities of the Company. The security cover will be 1.00 times to be maintained on the outstanding amounts of the NCDs at all times during the tenor of the NCDs.
Default Clause
In case of default in payment of outstanding principal amounts and/or coupon on the relevant due date, the Company agrees to pay additional interest at a rate of 2% (two percent) per annum above the Coupon Rate on the outstanding principal amounts from the date of the occurrence of the relevant default.
Source: BSE
