Himatsingka Seide Ltd Approves Issuance of NCDs Worth ₹650 Million

Himatsingka Seide Ltd has announced the approval of issuing Non-Convertible Debentures (NCDs) amounting to ₹650 million. These NCDs, categorized as unlisted, secured, and redeemable, will be issued on a private placement basis. Each debenture will carry a face value of ₹10,00,000, reflecting the company's strategic approach to secure funding for its operations and growth initiatives.

 

This decision underscores Himatsingka Seide's commitment to strengthening its financial position and enhancing its operational capabilities. The issuance aligns with the company's broader objectives of maintaining robust financial health while pursuing long-term growth opportunities.

 

The board's approval marks a significant step in the company's financial strategy, showcasing its proactive measures to meet market demands and investor expectations.

 

Source: BSE India.