Regency Fincorp Allots ₹60 Cr NCDs on Private Placement

Regency Fincorp Ltd has approved the allotment of 60,000 Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹60 Crores. The allotment was made on a private placement basis to identified investors, including Motilal Oswal Financial Services Ltd and Eshiruss Financial Consultants Private Limited. These NCDs carry a coupon rate of 13% per annum and have a tenor of 30 months, with a maturity date of March 11, 2029. The company has created security cover for these NCDs.