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Ashima Limited ( (IN:ASHIMASYN) ) has shared an announcement.
Ashima Limited has exercised its call option for a partial early redemption of its unlisted, secured, unrated, rupee-denominated non-convertible debentures issued under debenture trust deeds dated March 16, 2023, and April 18, 2024. The company will redeem a portion of NCDs held by Uinone Pvt Ltd and Sharanam Metrolinks LLP by reducing the paid-up value of existing debentures, with total redemptions to date amounting to ₹28.25 crore and ₹126.75 crore of principal remaining outstanding.
The latest partial redemption covers 2,750 NCDs for each of the two debenture holders, with an aggregate ₹2 crore to be redeemed from each and the balance principal to continue under the original terms until on or before March 28, 2026. The move reflects Ashima’s ongoing liability management, as the remaining debentures will stay in force and any applicable premium on redemption, including for partial redemptions, will be calculated and paid at the end of the NCDs’ tenure.
More about Ashima Limited
Ashima Limited is an India-based company with its registered office in Ahmedabad, Gujarat. The company is involved in the textile sector, as indicated by its corporate communications and contact details, and its securities are listed on both BSE and the National Stock Exchange of India under the code ASHIMASYN.
Average Trading Volume: 12,556
Technical Sentiment Signal: Sell
Current Market Cap: 2.78B INR
For detailed information about ASHIMASYN stock, go to TipRanks’ Stock Analysis page.