Regency Fincorp Board Approves ₹312 Crore Fundraise

Regency Fincorp Limited has received board approval for a fundraise of ₹312.15 crore through preferential issuance of equity shares and convertible warrants. The issuance includes 14,266,412 equity shares at ₹50.50 per share (aggregating ~₹72.05 crore) and 47,546,030 convertible warrants at ₹50.50 per warrant (aggregating ~₹240.11 crore). The funds will be utilized for strategic acquisitions, including a digital lending platform (up to ~₹120 crore) and a gold loan business (up to ~₹75 crore), strengthening the digital lending platform, and for MSME loans (~₹32 crore) and general corporate purposes (~₹10.15 crore). The fundraise is subject to shareholder and other applicable approvals. Post-fundraise, share capital is expected to increase to ₹152 crore.