Loan & Debt29 Jul 2026, 05:30 pm
Regency Fincorp Approves ₹30 Cr NCD Issuance
AI Summary
Regency Fincorp Ltd announced board approval for the issuance of 30,000 Secured, Rated, Listed, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹30 Crores. The issuance will be on a private placement basis and listed on BSE. The NCDs will have a tenure of 370 days, offer a 14% annual interest payable monthly, with 99% principal repayment at 6 months and 1% at maturity. The company also noted the redemption of existing NCDs worth ₹23.75 Crores. Catalyst Trusteeship Limited has been appointed as the Trustee and Credora Partners Private Limited as the Merchant Banker for the new issuance.
Key Highlights
- Board approves issuance of ₹30 Cr Secured, Rated, Listed NCDs.
- NCDs to be issued via private placement, listed on BSE.
- Interest rate set at 14% per annum, payable monthly.
- Principal repayment: 99% at 6 months, 1% at maturity.
- Catalyst Trusteeship and Credora Partners appointed for issuance.
Price Impact
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