Regency Fincorp Approves ₹45 Cr NCD Issuance

Regency Fincorp Ltd's Board of Directors has approved the issuance of Secured, Rated, Listed, Non-Convertible Debentures (NCDs) aggregating to ₹45 Crores (₹45,00,00,000). The issuance will be on a private placement basis, comprising a base issue of ₹15 Crores and a Green Shoe Option of ₹30 Crores. The NCDs will have a face value of ₹10,000 each, a tenure of 36 months, and an interest rate of 13.00% per annum, payable monthly. Principal repayment will be in tranches at 24, 30, and 36 months. Catalyst Trusteeship Limited has been appointed as the Trustee, and Horizon Management Pvt Ltd as the Merchant Banker for this issuance. The NCDs are proposed to be listed on BSE Limited.