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Regency Fincorp Ltd, an RBI-registered NBFC based in Zirakpur, is raising ₹35 crore through two Non-Convertible Debenture (NCD) transactions, with an additional ₹25 crore greenshoe option, taking the total potential raise to ₹60 crore. The first tranche of ₹10 crore is being executed on June 2, 2026 with LC Venture Debt Fund. The second tranche is a ₹25 crore listed NCD issue planned for the third week of June 2026. Proceeds will be used for general corporate purposes and to expand the company's lending/loan book. The borrowings are secured by a 1.25x charge over performing loan receivables, with personal guarantees from promoter Gaurav Kumar and CFO Sarfaraz Mallick. The transactions remain subject to definitive agreements, due diligence, and regulatory approvals.
This is debt-based fundraising, so there is no equity dilution for existing shareholders. The funds will fuel loan book growth, which is positive for future earnings, but will increase leverage on the balance sheet. Inclusion of a greenshoe option signals management confidence in investor appetite for the NCD issue.