Neogen Chemicals Limited — QIP/Rights/Pref., 12-08-2025: Allotment of Securities
12-08-2025 | 12:18 pm
12-08-2025 | 12:18 pm
Neogen Chemicals has successfully allotted 20,000 Non-Convertible Debentures (NCDs) via private placement to 7 investors. Each NCD has a face value of INR 100,000, raising Rs 200 Cr for the company. These secured NCDs will be listed on the BSE's Wholesale Debt Market segment and carry a 10.50% annual interest rate, payable monthly. The funds infused will support company operations. This move strengthens Neogen's financial position and allows for strategic growth initiatives.
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