ESAF SFB to Raise Tier II Capital via NCDs worth ₹500 Cr

ESAF Small Finance Bank's Board of Directors has approved a proposal to raise Tier II Capital by issuing Unsecured, Redeemable, Non-Convertible Debentures (NCDs) aggregating up to ₹500 Crores. The issuance will be done through private placement in one or more tranches, up to the conclusion of the next Annual General Meeting. This move aligns with the Bank's business plan for FY 2026-27 and is within the overall borrowing limit approved by shareholders. The Management Committee of the Board has been authorized to finalize the terms and conditions of the issuance.