New Delhi, Oct. 16 -- Share India Securities share price was locked in 20% upper circuit on Thursday's session after the company's finance committee approved a Rs.50 crore issuance of Non-Convertible Debentures (NCD) through private placement. This move is anticipated to strengthen the company's funding capabilities and support its ongoing business growth.

According to the company's filing, Share India Securities has received approval from its board to issue a maximum of 5,000 secured, listed, rated, taxable, and redeemable non-convertible debentures (NCDs), each with a face value of Rs.1,00,000, totaling Rs.50 crore. These NCDs will carry an interest rate of 10.50% per annum, payable on a monthly basis, and will mature in 712 days from ...