Board approves raising up to ₹300 crore through non-convertible debentures on private placement basis
Board approves raising up to ₹300 crore via non-convertible debentures (NCDs).
By ScoutQuest · · 2 min read
- Fundraise Size
- up to ₹300 crore
- Instrument
- non-convertible debentures (NCDs) on private placement basis
- Use of Proceeds
- refinancing part of existing debt + capex, working capital, general corporate needs
Board approval for NCD issuance
The Board of BlueStone Jewellery and Lifestyle Ltd has accorded its approval for raising funds of up to ₹300 crore (Indian Rupees Three Hundred Crore only) through the issuance of non-convertible debentures, referred to as Debentures or NCDs.
- Route: private placement basis
- Structure: in one or more series or tranches
- Amount approved: up to ₹300 crore
What an NCD is, in simple terms
An NCD is a debt instrument. The company borrows money from investors and pays interest, and the instrument does not convert into equity shares. Because this is a private placement, the debentures are offered to a selected set of investors rather than to the public.
Where the money is proposed to go
The update states the subscription proceeds are proposed to be utilised inter alia for
- refinancing a portion of its existing debt
- business growth requirements
- capital expenditure
- working capital
- general corporate requirements
Who finalises the terms
The Board has authorised the Operations Committee to determine and finalise the terms and conditions of the allotment of the NCDs.
What to watch
The update states that the disclosure required under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD PoD1/P/CIR/2023/123 dated July 13, 2023 would be made at the time of issuance and/or allotment of the NCDs.
So the interest rate, tenure, and the identity of the subscribers are decided at the issuance and allotment stage, which is when the company says the relevant disclosure will be made.
How to read this
Raising debt through NCDs brings in money without diluting existing shareholders, since no new equity shares are issued. Since part of the proceeds is proposed for refinancing existing debt, the borrowing is partly a replacement of current debt rather than only fresh borrowing. A debt raise also means interest and repayment obligations come with it over the life of the instrument.
Also from BlueStone Jewellery and Lifestyle
BlueStone Q2 FY 2026-27 earnings conference call audio recording hosted on company website
23 Oct 2026
Bluestone management discussed profitability metrics, a planned NCD fundraise of about 300 crore rupees, and market expansion strategy
23 Oct 2026
BlueStone Q2 FY27: standalone revenue up 43.9% to ₹7,381 mn, H1 revenue up 46.3% with Pre-Ind AS EBITDA up 175.1%
23 Oct 2026
More numbers
- Fund raising approved via NCDs₹300 crore
- Fund raising approved via NCDs (in words)Indian Rupees Three Hundred Crore only
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.