Crest Ventures Raises ₹100 Crore Via NCDs on Private Placement
Crest Ventures Limited announced the outcome of its Debenture Fund Raising Committee meeting held on December 23, 2025. The committee approved the allotment of 10,000 12% Rated, Listed, Unsecured, Sen...
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Why is Crest Ventures Limited in the news today?
Crest Ventures Limited (CREST) is in the news due to the company successfully raised ₹100 crore through ncd issuance, which is a positive development for its funding.
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Crest Ventures Raises ₹100 Crore Via NCDs on Private Placement
December 23, 2025, 05:58 AM
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Crest Ventures Limited announced the outcome of its Debenture Fund Raising Committee meeting held on December 23, 2025. The committee approved the allotment of 10,000 12% Rated, Listed, Unsecured, Senior, Transferable, Redeemable, Non-Convertible Debentures (NCDs) at par on a private placement basis.
Each NCD has a face value of ₹1,00,000 and a tenure of 18 months. The total amount raised through this issuance is ₹100 Crore (10,000 NCDs x ₹1,00,000 each). The deemed date of allotment for these NCDs is June 23, 2027, with the maturity date also set for June 23, 2027. Interest will be paid quarterly at a rate of 12.00% per annum.
The NCDs have been assigned a CARE BBB; Stable rating by CARE Ratings Limited, with the issuer rating also reaffirmed as CARE BBB; Stable. These NCDs are unsecured and will be listed on the Wholesale Debt Market Segment of BSE Limited. The meeting commenced at 10:45 a.m. and concluded at 11:10 a.m.
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