Regency Fincorp to issue ₹65 Cr Secured NCDs at 12% interest

Regency Fincorp Ltd's Board of Directors approved the issuance of 65,000 units of Secured, Rated, Listed, Non-Convertible Debentures (NCDs) for an aggregate amount of ₹65,00,00,000 (₹65 Crore). The NCDs, with a face value of ₹10,000 each, will be issued on a private placement basis, comprising a base issue of ₹25 Crore and a green shoe option of ₹40 Crore. These NCDs will have a tenure of 18 months from the allotment date and offer an interest rate of 12.00% per annum, payable monthly. The company also appointed Catalyst Trusteeship Limited as Trustee and Credora Partners Private Limited as Merchant Banker for the issuance. The NCDs are proposed to be listed on BSE Limited.