Shivam Autotech raises Rs 45 crore via Debentures
The Debentures carries a 10% annual interest rate and a tenure of up to 18 months
Shivam Autotech has raised Rs 45 crore through the allotment of 4,500 unlisted, secured, redeemable, optionally convertible debentures (OCDs) of a face value of Rs 1,00,000 each, on a private placement basis. The Debentures carries a 10% annual interest rate and a tenure of up to 18 months, with a lock-in period of 12 months commencing from the deemed date of allotment, being February 12, 2026.
Shivam Autotech is engaged in the manufacturing of Near-Net- Shaped, auto transmission components mainly for Original Equipment Manufacturers (OEMs).
