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As On 23-Mar-2023 09:39
SENSEX
57,924.91
-289.68 (-0.50%)
NIFTY
17,059.95
-91.95 (-0.54%)
    No Companies Visited

NCD Synopsis

NCD Details
The principal amount of the NCDs to be issued in terms of this Prospectus together with all interest/coupon due on the NCDs, subject to any obligations under applicable statutory and/or regulatory requirements shall be secured by: (a) a first ranking pari passu Security Interest over the Issuer’s immovable assets (if any), both present and future. The Issuer does not own any immoveable property at the present time. In the event, the Issuer acquires any immovable Property in future, the Issuer shall mortgage said property within 180 (one hundred eighty) days from the date of acquisition of such immovable assets. The Debenture Trustee shall be authorised to do all acts, deeds, and enter into necessary documents, agreement, amendments and/or modifications, as may be required to give effect the same, including carrying out the due diligence as may be required by Debenture Trustee; (b) a first ranking pari passu Security Interest over the Hypothecated Assets (including Receivables), both present and future; and (c) Negative Lien Undertaking; (d) corporate guarantee executed or to be executed by the Project SPV in favor of the Debenture Trustee for guaranteeing the due repayment of the secured obligations in accordance with the terms in the Debenture Trust Deed.
Issue Details
Issue Open 17-Oct-2022-18-Oct-2022
Security Name NATIONAL HIGHWAYS INFRA TRUST
Security Type Secured Redeemable Non-Convertible Debentures
Issue Size (Base)(  .Cr) 750
Over subscription An Option To Retain Oversubscription Up To Rs. 750 Crores Aggregating To Rs. 1500 Crores.
Issue Price (  ) 300
Face Value (  ) 300
Market Lot 1
Credit Rating "CARE AAA;Stable" by CARE And "IND AAA/Stable" by IRRPL.
Tenor 13 Years,18 Years,25 Years
Series Series1,Series2,Series3
Payment Frequency Half Yearly
Objects of the Issue:
PUBLIC ISSUE BY THE NATIONAL HIGHWAYS INFRA TRUST (THE "TRUST" OR THE "ISSUER") OF SECURED, RATED, LISTED, REDEEMABLE NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF RS. 1000/- EACH, (COMPRISING THREE SEPARATELY TRANSFERABLE AND REDEEMABLE PRINCIPAL PARTS ("STRPP", AS DETAILED HEREINAFTER) NAMELY 1 STRPP A OF FACE VALUE OF RS. 300/-, 1 STRPP B OF FACE VALUE OF RS. 300/- AND 1 STRPP C OF FACE VALUE OF RS. 400/-, FOR AN AMOUNT OF UPTO RS. 750 Crores ("BASE ISSUE SIZE") WITH AN OPTION TO RETAIN OVERSUBSCRIPTION UPTO RS. 750 Crores ("GREEN SHOE OPTION") AGGREGATING TO AN AMOUNT OF UPTO RS. 1500 Crores (HEREINAFTER REFERRED TO AS THE "ISSUE").
Listing At NSE,BSE
Company Promoters
National Highways Authority of India  
National Highways InVIT Project Managers Private Limited  
National Highways Infra Investment Managers Private Limited  
IDBI Trusteeship Services Limited  
Lead Managers
1. JM Financial Ltd
2. A. K. Capital Services Ltd
3. ICICI Securities Ltd
4. SBI Capital Markets Ltd
5. Trust Investment Advisors Private Limited
Registrar to the Issue
1. KFIN Technologies Ltd
 
Coupon Rates
SeriesSeries 1Series 2Series 3
Frequency of Interest PaymentHalf YearlyHalf YearlyHalf Yearly
NatureSecuredSecuredSecured
Tenor (Months)13 Years18 Years25 Years
Coupon Rate7.907.907.90
Effective Yield (% per Annum)8.058.058.05
Amount on Maturity (  )
 

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Flash News 23-Mar-2023
  •  ( 09:25) H.G. Infra emerges as L-1 bidder for construction project in Jharkhand  
  •  ( 08:52) Asian stocks trading mixed  
  •  ( 08:46) US stocks slide following Fed’s rate hike  
  •  ( 08:45) Fed raises interest rates 25 basis points  
  •  ( 08:45) Sirca Paint board to mull bonus issue on 29th March  
Show News
23 March 2023 09:37
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375.25
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