Unifinz Capital India Ltd has allotted ₹50 crore of listed secured non-convertible debentures with an 11% annual coupon payable monthly. The 15-month debt issue carries a Crisil rating of IND BBB-/Stable and is secured against identified receivables with a 1.10x asset cover requirement.
Unifinz Capital India Raises ₹50 Crore Through NCD Issue
Unifinz Capital India Ltd allotted ₹50 crore of non-convertible debentures (NCDs) on September 16, 2026.
The listed debt securities carry an 11% annual coupon rate with monthly interest payments and a 15-month maturity period.
Reader Takeaway: Monthly income visibility improves, but credit risk remains linked to repayment ability.
What just happened
Unifinz Capital India’s Asset Liability Management Committee approved the private placement of 50,000 listed, rated, senior, secured, taxable, transferable and redeemable NCDs.
Each debenture has a face value of ₹10,000, with the maturity date set for December 16, 2027.
The company has raised the funds through a debt instrument rather than equity issuance, allowing it to access capital without immediate ownership dilution.
Why this matters
The NCDs offer investors a fixed coupon of 11% per annum, distributed through monthly interest payments. The issue has been structured as secured debt, backed by a first-ranking exclusive charge over identified book debts and receivables of the company.
The company is required to maintain asset cover of at least 1.10 times the outstanding debenture amount throughout the tenure of the instrument.
Credit profile
The debentures have received an IND BBB-/Stable rating from Crisil Ratings Limited.
The rating indicates that the instrument carries moderate credit risk characteristics, and investors will continue to track the company’s financial performance and repayment capacity during the tenure.
Risks to watch
The key factor for investors is the company’s ability to service interest and principal obligations on time.
In case of payment default, the debenture terms provide for an additional interest charge of 4% per annum over the base coupon rate until the default is cured or the securities are redeemed.
What to track next
Investors will monitor the deployment of the raised funds, asset quality, liquidity position and future debt obligations of Unifinz Capital India during the 15-month maturity period.