Board approves INR 50 Cr NCD issuance at 12%, considers ESOP and preferential equity
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.2 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Regency Fincorp board approved issuance of 50,000 secured NCDs at INR 10,000 face value each, totaling INR 50 Crores via private placement. 15-month tenure, 12% annual interest payable monthly, to be listed on BSE with 1.25x security cover. Catalyst Trusteeship named Trustee, Credora Partners as Merchant Banker. Board also considered ESOP proposal for employees and fund raising through equity shares, warrants on preferential basis, and CCDs.
Debt raise of INR 50 Cr at 12% adds interest burden. Possible dilution from ESOPs and preferential equity. Watch for further details.