Allotment of 25000 Listed, Secured, Rated, Redeemable Non-Convertible Debentures
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Regency Fincorp has allotted 25,000 listed, secured, rated, redeemable NCDs through private placement, raising INR 25 crores in total. Each debenture has a face value of INR 10,000 and carries a coupon rate of 14%, payable quarterly. The tenure is 15 months, maturing on 23rd June 2027, with principal also being repaid quarterly. The sole allottee is LC Capital India Private Limited, and the NCDs are secured with a 1.25x asset cover. The funds are raised via private placement to a single identified investor rather than a public issue.
This raises INR 25 crores of debt for the company at a relatively high 14% interest rate, which will increase interest expenses and financial obligations. For shareholders, it means more leverage but also signals that the company is willing to pay a premium to secure funding from a specific investor.