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Himatsingka Seide Limited. ( (IN:HIMATSEIDE) ) has provided an announcement.
Himatsingka Seide Limited’s Securities Committee has approved the private placement and allotment of 1,000 unlisted, senior, secured, redeemable and transferable Series B non-convertible debentures, each with a face value of Rs 10 lakh, aggregating to Rs 100 crore. The rupee-denominated debentures carry an annual coupon of 11%, have a tenure of up to 39 months maturing on March 19, 2029, and are backed by a first pari passu charge on the company’s fixed assets at its Hassan and Doddaballapur plants, a negative lien on additional land at Hassan, and an exclusive charge over the subscription escrow account, signaling a structured debt-raising move that strengthens the company’s funding base without immediate equity dilution.
More about Himatsingka Seide Limited.
Himatsingka Seide Limited is an India-based textile manufacturer headquartered in Bengaluru, operating in the home textiles and related segments. The company is listed on BSE and NSE and runs manufacturing facilities including plants at Hassan and Doddaballapur in Karnataka, serving domestic and international markets for textile products.
Average Trading Volume: 29,789
Technical Sentiment Signal: Sell
Current Market Cap: 14.52B INR
Learn more about HIMATSEIDE stock on TipRanks’ Stock Analysis page.