Emkay Global raises $5.3M in debt via NCDs at 11.5% coupon
What's the deal? Emkay Global Financial Services has raised Rs 50 crore (about $5.3 million) through non-convertible debentures (NCDs). It allotted 5,000 rated, listed, senior, unsecured NCDs of Rs 1,00,000 each on a private placement basis.
The terms: The debentures carry a fixed coupon of 11.5% per annum, payable half-yearly. The issue combined a base size of Rs 25 crore with a green shoe option of another Rs 25 crore.
Why now? The company's management committee approved the allotment at a meeting on September 7, 2026. The NCDs are proposed to be listed on the Wholesale Debt Segment of the BSEDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Emkay Global is an Indian financial services firm offering advisory services across the sector. The debt raise adds funding without diluting equity.
The signal: Listed financial firms are increasingly tapping the private placement debt market, where fixed-coupon NCDs offer investors a steady return and issuers flexible capital.
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