Pace Digitek Approves Rs 250 Crore Secured NCD Issue Via Private Placement

Board approved issuance of up to 2,50,000 listed, rated, secured, redeemable NCDs of Rs 10,000 each aggregating up to Rs 250 Cr via private placement in one or more tranches. Novel debt funding for BESS-led executor with large order book and capacity expansion underway; comes amid focus on collections and cash normalisation. Adds leverage without equity dilution; coupon, tenure, security and use of proceeds undisclosed, to be set in KID at allotment; listing on BSE debt segment.