StockWatch
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Non Banking Financial Company (NBFC)
Clarification18 Sept 2026, 03:47 pm

Raama Finance Corrects NCD Description in Prior Filing

AI Summary

Raama Finance Ltd has issued a clarification regarding an inadvertent clerical error in its prior intimation dated September 17, 2026. The company corrected the description of proposed Non-Convertible Debentures (NCDs) to be issued on a private placement basis. The NCDs will now be described as 'Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures' instead of 'Unlisted, Unsecured, Redeemable, Non-Convertible Debentures'. The proposed issuance is for an aggregate amount of up to ₹5 Crores, subject to board approval. All other details from the previous filing remain unchanged.

Key Highlights

  • Correction of clerical error in NCD issuance description.
  • NCDs to be 'Unlisted, Unrated, Secured, Redeemable'.
  • Proposed issuance size up to ₹5 Crores.
  • NCDs to be issued on a private placement basis.