Anand Rathi Share & Stock Brokers Issues ₹1 Crore NCDs

has allotted 100 secured, unlisted and redeemable Non-Convertible Debentures (NCDs) aggregating to ₹1 crore through private placement. The instruments carry a coupon rate of 9% and are scheduled to mature in September 2027. The issuance provides the company with an additional source of funding while offering investors a fixed coupon through the tenure of the securities. The secured nature of the NCDs provides the instruments with security as specified under the terms of the issue. The private placement marks another debt-market transaction by the brokerage and adds to its funding arrangements. Investors will track the company’s future borrowing activities and overall debt profile as it manages its capital and funding requirements.