Regency Fincorp Allots ₹40 Cr Secured NCDs on Private Placement

Regency Fincorp Ltd has announced the allotment of 40,000 Secured Rated Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹40 Crores. The allotment was made on a private placement basis to identified investors, including Motilal Oswal Financial Services Limited, Infixin Technologies Private Limited, and Eshiruss Financial Consultants Private Limited. These NCDs carry a coupon rate of 13% per annum and have a tenor of 30 months, maturing on January 30, 2029. The issuance is secured by a first-ranking charge over hypothecated assets, maintaining a minimum security cover ratio of 1.35x.