Lancor Holdings Approves ₹600 Million NCD Issuance in Multiple Tranches

Lancor Holdings Limited has announced the approval of Non-Convertible Debentures (NCDs) issuance totaling ₹600 million on a private placement basis. The NCDs, with a face value of ₹100,000 each, will be issued in one or more tranches over time. The debentures carry a 16.5% annual cash coupon, compounded monthly and payable quarterly, with a tentative maturity date of May 31, 2028. Repayment is structured as 12 equal installments following a 12-month principal moratorium. The secured NCDs will be redeemed from asset sale proceeds. This strategic financial move aims to strengthen Lancor Holdings' capital structure and support its ongoing projects in the real estate sector.

 

Source: Lancor Holdings Limited Corporate Announcement