Loan & Debt15 Apr 2026, 06:51 pm
Shalibhadra Finance raises ₹19.5 Cr via NCDs at 12% coupon
AI Summary
Shalibhadra Finance Limited (SFL), a retail-focused NBFC, has successfully raised ₹19.50 crore through the issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs). The NCDs carry a coupon rate of 12.00% per annum, paid monthly, and have a tenure of 24 months with principal repayment scheduled six-monthly. The NCDs are rated [ICRA] BBB- (Stable) and will be listed on BSE. Managing Director, Mr. Vatsal M. Doshi, stated that this fundraise optimizes the company's liability profile, enhances financial flexibility, and reflects strong investor confidence. The proceeds will support SFL's lending operations and help optimize the overall cost of funds.
Key Highlights
- Shalibhadra Finance raised ₹19.5 crore through NCDs.
- NCDs offer a 12% annual coupon, paid monthly, for 24 months.
- The debt is secured, rated [ICRA] BBB- (Stable), and listed on BSE.
- Funds will optimize liability profile and support lending operations.
- This reflects strong investor confidence in SFL's business model.
Price Impact
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