Regency Fincorp Approves ₹40 Cr NCD Issuance

Regency Fincorp Ltd's Board of Directors has approved the issuance of 40,000 Secured, Rated, Listed, Non-Convertible Debentures (NCDs) aggregating to ₹40 Crores on a private placement basis. The issuance includes a base issue of ₹20 Crores and a Green Shoe Option of ₹20 Crores. The NCDs will have a face value of ₹10,000 each, a tenure of 12 months and 5 days, and an interest rate of 14.00% per annum. The company has appointed Catalyst Trusteeship Limited as the Trustee, Credora Partners Private Limited as the Merchant Banker, and Infomerics Valuation and Rating Limited as the credit rating agency for this issuance. The NCDs are proposed to be listed on BSE Limited.