Other Markets - Debt Markets
25-Feb-2026 20:22
Prachay Capital plans to raise Rs 100 crore through NCD issue
Prachay Capital Limited, an RBI-registered Non-Banking Financial Company ' Investment and Credit Company (NBFC-ICC), has announced the public issue of its Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) to raise up to Rs 100 crore. The issue consists of 10 lakh Secured NCDs of the face value of Rs 1000 each.
The issue is scheduled to open on 26 February 2026 and closes on 12 March 2026, with an option of early closure or extension.
There are 3 series of NCD with tenure of 36 months, 48 months and 60 months with monthly interest payment option.
An effective yield (per annum) for the NCD holders is 13.24% to 13.80%.
The NCDs issue has been rated CRISIL BBB-/Stable.
The minimum application size for each application for NCDs would be Rs 10000 across all series collectively and in multiples of Rs 1000 thereafter.
NCDs are proposed to be listed on BSE.
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