Regency Fincorp Allots ₹15 Cr NCDs on Private Placement

Regency Fincorp Limited has approved the allotment of 15,000 listed, secured, rated, redeemable Non-Convertible Debentures (NCDs) with a 13% coupon rate. The NCDs, with a face value of INR 10,000 each, were issued on a private placement basis, aggregating to INR 15 Crores. The NCDs have a tenor of 30 months and are redeemable by December 19, 2028. The issuance was made to identified investors, including INFIXIN TECHNOLOGIES PRIVATE LIMITED and ESHIRUSS FINANCIAL CONSULTANTS PRIVATE LIMITED. The NCDs are listed on BSE Limited and are secured by a first-ranking pari-passu charge over the company's current and fixed assets, with an exclusive charge over receivables.