Intimation regarding Raising of funds by issue of Non-Convertible Debentures (NCD) and Commercial Paper (CP)
REPCOHOME · price
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Repco Home Finance has received shareholder approval at its 25th AGM to raise Rs. 1,500 crore through Non-Convertible Debentures (NCDs) and Rs. 1,000 crore through Commercial Papers (CPs), totaling Rs. 2,500 crore. Both instruments will be issued on a private placement basis under Section 42 and 71 of the Companies Act, 2013. The company has not disclosed the coupon rate, timing, or specific purpose of the fundraise in this intimation. Repco Home Finance is a housing finance company, so this borrowing is likely to support its lending operations and business growth.
This is a significant debt-raising plan of Rs. 2,500 crore, which will expand the company's borrowing capacity and fund its loan book. Investors should watch for the actual coupon rates and timing, as higher borrowing costs could pressure margins, while successful raising signals growth intent.