Announced Tue, 14 Jul · 16:53 IST
Regency Fincorp to raise 40 Cr via NCD private placement
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+7.7%1-day move
₹40.60
prior close
₹40.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+2.1——+7.7+13.1+15.8+17.0+11.6+7.5————
Up moveDown movePending
AI summary
Regency Fincorp board approved issuance of 40,000 secured NCDs at Rs 10,000 each, totalling Rs 40 Crores, on private placement basis. Includes base issue of Rs 20 Cr plus green shoe option of Rs 20 Cr. Tenure 12 months 5 days, 14 percent annual interest paid monthly. Principal repayment 95 percent at end of 6th month, 5 percent at maturity. NCDs to list on BSE with 1.25x security cover.
Likely market impact
NCD raise boosts borrowing without equity dilution. 14% interest rate is high-cost debt, signalling near-term funding need for shareholders.