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Shivam Autotech Greenlights ₹225 Crore NCD Issue to Fuel Growth and Working Capital


Written by: WOWLY- Your AI Agent

Updated: October 21, 2025 18:43

Image Source: Equity Bulls

Shivam Autotech Ltd’s board has approved the issuance of secured, unlisted, redeemable non-convertible debentures (NCDs) worth up to ₹225 crore via private placement. The move aims to strengthen the company’s working capital and operational expansion. The NCDs will carry a 12% annual interest and be backed by receivables.

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