Regency Fincorp Allots ₹40 Cr NCDs on Private Placement

Regency Fincorp Limited has approved the allotment of 40,000 12% Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) with a face value of INR 10,000 each, aggregating to INR 40,00,00,000 (INR 40 Crore). These NCDs were allotted on a private placement basis to identified investors, including Turquoise Capital and Investments, Blue Ashva Mangalam Large Value Fund-I, and others. The NCDs have a tenor of 18 months, a coupon rate of 12% per annum, and are redeemable on April 30, 2028. The company has created security cover of 1.25x of the outstanding amounts.