Wanbury Limited — QIP/Rights/Pref., 28-02-2025: Allotment of Securities

Wanbury Limited has announced a board meeting regarding the allotment of 1,750 Unlisted, Secured Redeemable Non-Convertible Debentures (NCDs), each with a face value of ₹10,00,000, totaling ₹175 crores. The NCDs, issued via private placement, aim to refinance existing borrowings, finance capital expenditure, and meet working capital requirements. These will carry an interest rate of 12.5%, with quarterly repayments structured over five years, and are secured against the company’s fixed assets. The allotment date is set for February 28, 2025, with a maturity date of February 28, 2030.