Regency Fincorp Approves ₹50 Cr NCD Issue

Regency Fincorp Ltd's Board of Directors has approved the issuance of 50,000 Secured, Rated, Listed, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹50 Crores. This issuance will be on a private placement basis, comprising a base issue of ₹25 Crores and a Green Shoe Option of ₹25 Crores. The company also approved calling for the balance payment from warrant holders. Catalyst Trusteeship Limited has been appointed as the debenture trustee, and Horizon Management Private Limited as the Merchant Banker for this NCD issuance.