Share India Securities Limited has announced the approval of the issuance of up to 75,000 Non-Convertible Debentures (NCDs) with a face value of INR 10,000 each, aggregating up to INR 750 crore. This fundraising will be conducted on a private placement basis. The decision was made by the company’s Finance Committee on August 12, 2026, to meet its funding requirements.
Share India Securities to Raise ₹750 Crore via NCDs
Share India Securities Limited has received approval for a significant fundraising initiative, aiming to raise up to INR 750 crore through the issuance of Non-Convertible Debentures (NCDs). The Finance Committee of the company approved the issuance of 75,000 NCDs, each with a face value of INR 10,000, on a private placement basis.
Key Details of the NCD Issuance
The approved NCDs are described as Listed, Rated, Secured, Taxable, Transferable, and Redeemable. The issuance includes a potential green shoe option of up to 25,000 NCDs. This strategic move is part of the company’s broader plan to raise funds up to an aggregate amount of INR 200 Crores (as previously disclosed) and will be conducted in tranches.
The NCDs will carry a coupon interest rate of 10.50% per annum, with interest payments scheduled monthly and principal repayment in a lump sum at maturity. The tenure of the instrument is up to 18 months and 18 days from the Deemed Date of Allotment. In case of delay in payment of interest or principal beyond three months, an additional coupon rate of 2% p.a. will be payable.
Listing and Security
The NCDs are proposed to be listed on the wholesale debt market (WDM) segment of the BSE Limited. To secure the issue, the company will create a pari-passu charge by way of hypothecation over its entire current assets and receivables. Additionally, a personal guarantee from promoter group members and directors may be provided.
The Finance Committee meeting convened on August 12, 2026, and concluded at 04:25 p.m., marking a crucial step in Share India Securities’ financing strategy.
Source: BSE
