Share India Securities raises US$6.79M in debt at 10.5% coupon
What's the deal? Share India SecuritiesDealroom has a profile for this one. Try Dealroom → has raised US$6.79M (roughly $5.3 million) through a private placement of non-convertible debentures (NCDs). The company allotted 50,000 secured, rated, senior NCDs on July 8, 2026, each with a face value of US$135.8.
The terms: The debt carries a 10.50% annual coupon, with interest paid monthly and principal repaid in full at maturity. The NCDs run for 459 days, maturing on October 10, 2027, and are listed on the wholesale debt market segment of BSEDealroom has a profile for this one. Try Dealroom →.
How it's secured? The debentures are backed by a charge over the company's current assets and receivables, present and future, with a minimum cover of 1.35 times the outstanding amount. Promoters have also provided a personal guarantee.
What could go wrong? The instrument includes a penalty clause: if interest or principal payment is delayed beyond three months, the company pays an extra 2% per annum on top of the base coupon until the default is cured.
The signal: The raise marks a quick return to the debt market for Share India Securities, which is tapping short-dated, secured borrowing rather than equity to fund its operations. The double-layer of asset security and promoter guarantees signals lenders demanding tighter terms on such placements.
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Image credit: Ken Lund
