Capital India Finance Raises ₹100 Cr via NCDs

Capital India Finance Limited has successfully raised INR 100 Crores through the issuance of Non-Convertible Debentures (NCDs). The NCDs are listed, rated, senior, secured, transferable, and redeemable. This issuance, approved by the Securities Issuance Committee, comprises 1,00,000 NCDs with a face value of INR 10,000 each. The funds will be utilized for the company's operations and growth initiatives. The NCDs will be listed on BSE Limited and have a tenure of 27 months, with a maturity date of December 29, 2028, and carry a coupon rate of 10% per annum.