Emkay Global to Raise ₹50 Crore via NCDs with 11.50% Interest
Emkay Global will issue up to ₹50 crore in NCDs with an 11.50% annual interest rate, payable semi-annually. The issuance, approved by the Management Committee, has a base size of ₹25 crore and a ₹25 crore green shoe option. Expected allotment is September 7, 2026, with maturity on September 7, 2029.
Raising ₹50 crore through NCDs can impact the company's capital structure and leverage, potentially funding expansion or refinancing existing debt. The interest rate of 11.50% is a significant cost factor.
The company is successfully raising capital through debt instruments, indicating financial stability and potential for growth or operational funding.
Emkay Global Financial Services Limited announced today, August 21, 2026, that its Management Committee has approved the issuance of up to 5,000 Rated, Listed, Senior, Unsecured, Redeemable, Taxable Non-Convertible Debentures (NCDs). The total aggregate amount for this issuance is up to ₹50,00,00,000 (Indian Rupees Fifty Crores Only). This includes a base issue size of ₹25,00,00,000 (Indian Rupees Twenty Five Crores Only) and a green shoe option of up to ₹25,00,00,000 (Indian Rupees Twenty Five Crores Only), all to be issued on a private placement basis.
The NCDs will carry a coupon interest of 11.50% per annum, payable half-yearly. The expected deemed date of allotment is September 7, 2026, with a proposed maturity date of September 7, 2029, making it a 3-year instrument. The principal will be redeemed at par on the maturity date. The company also retains a call option exercisable at 24, 27, 30, and 33 months from the deemed date of allotment. These NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The meeting commenced at 4:30 PM IST and concluded at 5:45 PM IST.
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Emkay Global Financial Services Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Emkay Global Financial Services Limited. Read the original for the full detail.