Indergiri Finance Ltd. Announces Rights Issue of up to Rs. 10 Crores and Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures Allotment

Indergiri Finance Ltd. has announced a rights issue of fully paid equity shares of face value of Rs.10/- each to eligible equity shareholders, with an issue size of up to Rs. 10 Crores. The company also approved the allotment of 30, 9.5% Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures on Private Placement basis of Rs. 10,00,000 each, amounting to Rs. 3,00,00,000/-. The debentures will be secured by way of first ranking pari passu charge with future secured creditors on all movable assets of the Company.