Himatsingka raises ₹12.50 crore in fresh debt round

Himatsingka has raised ₹12.50 crore (roughly $1.3 million) by issuing 250 non-convertible debentures (NCDs) on a private placement basis. The debentures carry an 11.50% annual coupon, paid quarterly, over a 42-month tenure.

The Tranche 3 Series E NCDs let the textile company fund capital needs without diluting equity — a common concern when firms issue new shares. Himatsingka Seide is a global player in home textiles and apparel fabrics.

The issuance marks a quick re-raise, adding fresh debt to support ongoing operations and potential future investments. Principal repayment is scheduled in three installments at the 30, 36, and 42-month marks.

The NCDs are unlisted and unrated, which may limit liquidity for holders. The company's cash flows must cover quarterly interest and the three principal repayments, with a 2% penalty for delays.

Established textile firms increasingly turn to NCDs to raise capital without touching their equity base. Himatsingka's move fits a pattern of debt-led funding that keeps shareholders whole while covering operational needs.