UNO Minda Limited — Important, 24-12-2024: General Updates

Uno Minda Limited has approved the issuance of Non-Convertible Debentures (NCDs) in the third tranche, raising ₹150 crore from a total approved capacity of ₹400 crore. The issuance consists of two series: Series I will include 10,000 NCDs with a face value of ₹1 lakh each, aggregating ₹100 crore, while Series II encompasses 5,000 NCDs also at ₹1 lakh each, totaling ₹50 crore. These debentures are unsecured and will be listed on BSE, with a deemed date of allotment on January 3, 2025. The maturity for Series I is set for December 24, 2026, and Series II on January 4, 2027. Investors should monitor the coupon payments and proceed with caution, given the nature of unsecured debt instruments.