Regency Fincorp Allots ₹30 Cr NCDs to Investors

Regency Fincorp Limited has approved the allotment of 30,000 Listed, Rated, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹30 Crores. The allotment was made on a private placement basis to identified investors, including ESHIRUSS FINANCIAL CONSULTANTS PRIVATE LIMITED, INFIXIN TECHNOLOGIES PRIVATE LIMITED, and SUNRISE INVESTMENT OPPORTUNITIES FUND. These NCDs carry a coupon rate of 13% per annum and have a tenor of 36 months, maturing on October 19, 2029. The issuance is secured with a coverage ratio of 1.35x of the outstanding amounts.