Loan & Debt24 Jul 2026, 08:00 pm
Veefin Solutions to Raise ₹35 Cr via NCDs
AI Summary
Veefin Solutions Ltd announced its Board of Directors has approved raising funds up to ₹35 crore through the issuance of Non-Convertible Debentures (NCDs). The issuance will be on a private placement basis, in one or more tranches or series. The NCDs are unrated, unlisted, secured, redeemable, and have a face value of ₹1,000 each. The company plans to issue up to 3,50,000 debentures. Specific terms regarding tenure, interest, and security will be disclosed at the time of allotment. This move aims to strengthen the company's financial resources.
Key Highlights
- Veefin Solutions to raise ₹35 crore via NCD issuance.
- Funds to be raised through private placement in tranches.
- NCDs will be unrated, unlisted, secured, and redeemable.
- Board approved the fundraising in its meeting on July 24, 2026.
- Detailed terms to be disclosed upon allotment.
Price Impact
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