Capital India Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on July 16, 2025.
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The Board of Directors of Capital India Finance Limited, at its meeting on July 16, 2025, approved raising funds through Non-Convertible Debentures (NCDs) on a private placement basis. The total amount to be raised is up to ₹50 Crores, which may be issued in one or more tranches. The NCDs will carry a fixed coupon of 9.55% per annum, with interest paid yearly and on the redemption date, and principal repayable on the redemption date. The NCDs will be listed on BSE and will be secured by a 1.10 times asset cover on receivables. The tenure and allotment dates will be decided by the Board later.
This is a debt-raising move, not equity dilution, so existing shareholders won't see their ownership diluted. Borrowing at 9.55% is reasonable for an NBFC and supports business growth, though it does add to the company's overall debt obligations.