Mumbai, July 8 -- The issue has a base issue size of Rs 150 crore and a a green shoe option of up to Rs 150 crore.

The issue has 12 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and cumulative interest options. Effective annual interest yield on the NCDs ranges from 9.00% p.a. to 10.49% p.a.

The issue is scheduled to open on Tuesday, 08 July 2025 and close on Monday, 21 July 2025.

At least 75% of the funds raised through this issue will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the company and the balance is proposed to be utilized for general corporate purposes, subject to such utilization not e...