In accordance to Regulation 30 of the SEBI (LODR) Regulations, 2015 ('Listing Regulations'), we wish to inform you that in continuation to our intimation dated 23rd May, 2025, the Members ....
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Awaiting price reaction for this filing.
Savani Financials Limited (BSE: 511577, SAVFI) has approved a private placement of Secured, Un-listed and Un-rated Non-Convertible Debentures (NCDs) in two tranches. The first tranche is Rs. 5 crore with a face value of Rs. 1,00,000, and the second tranche is Rs. 5 crore with a face value of Rs. 10,000, along with a Green Shoe Option of up to an additional Rs. 5 crore. The total potential size of the issue is up to Rs. 15 crore. The Capital Raising Committee also appointed Catalyst Trusteeship Limited as the Debenture Trustee. The interest rate, coupon, or yield on the NCDs has not been disclosed in this filing.
The company is raising up to Rs. 15 crore through debt (NCDs), which is not equity-dilutive but will increase the company's debt obligations and interest burden. The fact that the NCDs are un-rated and being issued via private placement may indicate the company could not secure a credit rating or did not seek one, which is a point worth cautioning for investors.