Corrigendum to NCD issuance - 40 crore private placement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Regency Fincorp issued a corrigendum to its 20 July board meeting outcome regarding NCD issuance. The company plans to raise 40 crore via private placement of 40,000 secured listed NCDs at 10,000 each (15,000 base issue plus 25,000 green shoe). Interest 13 percent annually paid monthly, 30 month tenure, to be listed on BSE. Principal repayment: 30 percent at 18 months, 30 percent at 24 months, 40 percent at 30 months. Security cover 1.35x. Horizon Management India appointed as merchant banker.
Clarified NCD fundraising of 40 crore at 13 percent interest. No equity dilution but raises company debt and repayment obligations.