Loan & Debt24 Jul 2026, 07:40 pm
Veefin Solutions to Raise ₹35 Cr via Non-Convertible Debentures
AI Summary
Veefin Solutions Ltd announced that its Board of Directors has approved the raising of funds up to INR 35 Crores through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The NCDs will be unrated, unlisted, secured, and redeemable. The company plans to issue up to 3,50,000 debentures with a face value of ₹1,000 each. The specific terms and conditions will be finalized and disclosed at the time of allotment. This move aims to support the company's funding requirements.
Key Highlights
- Board approved raising up to ₹35 Crores via NCDs.
- Funds to be raised through private placement.
- NCDs will be unrated, unlisted, secured, and redeemable.
- Issuance of up to 3,50,000 debentures at ₹1,000 face value.
- Terms to be finalized and disclosed upon allotment.
Price Impact
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