Laxmi India Finance Approves ₹100 Cr NCD Issuance

Laxmi India Finance Limited's Business Operation Committee has approved the issuance of up to 1,00,000 Rated, Listed, Unsubordinated, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating up to ₹100 crore. This includes a green shoe option of up to 20,000 NCDs worth ₹20 crore. The NCDs will be issued on a private placement basis and are proposed to be listed on the Wholesale Debt market segment of BSE Limited. The issuance aims to raise funds, with specific terms and conditions detailed in the Key Information Document and Term Sheet.