Dar Credit & Capital raises INR 10 crore via NCDs at 12.9%
What's the deal? Dar Credit & CapitalDealroom has a profile for this one. Try Dealroom → raised INR 10 crore (roughly $1.05 million) through a private placement of non-convertible debentures (NCDs). Its Finance Management Committee approved the issuance on July 31, 2026.
The terms: The company issued 1,000 senior, secured, listed, rated NCDs at a face value of INR 1,00,000 each. The debentures carry a fixed coupon of 12.90% per annum over a 24-month tenure, maturing on July 31, 2028.
How it's secured? The debentures are backed by a first-ranking exclusive charge over the company's identified receivables, with a minimum security cover of 1.10 times the outstanding principal. Interest will be paid monthly from August 2026, and a 2% default premium applies if payment is delayed beyond three months.
What's next? The NCDs target identified eligible investors and are set to list on the National Stock ExchangeDealroom has a profile for this one. Try Dealroom → (NSE). Shares of Dar Credit & Capital held steady at INR 49.00 in live trading after the announcement.
The signal: The debt raise marks a quick re-raise for the non-bank lender, tapping fixed-income investors rather than equity to fund its receivables book — a route Indian financiers increasingly favour to lock in capital without diluting shareholders.
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