Allotment of 10,00,000 Rated, Secured. Redeemable, Non-Convertible Debentures ("NCDs") of face value of Rs. 1,000 each aggregating Rs. 10,000 Lakhs on Public Issue basis.
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Sakthi Finance Ltd has allotted 10,00,000 Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs. 1,000 each, aggregating to Rs. 10,000 lakhs (Rs. 100 crore). This completes the public issue that was sized at Rs. 50 crore with a greenshoe option of an additional Rs. 50 crore, taking the total to Rs. 100 crore. The allotment was approved by the company's Finance, Investment and Securities Issuance Committee (FISIC) on April 4, 2025, based on the basis of allotment approved by BSE, the designated stock exchange. The company is an NBFC based in Coimbatore. No coupon rate or yield details were disclosed in this particular filing.
The company has successfully raised the full Rs. 100 crore it targeted from the public NCD issue, strengthening its debt funding base for lending operations. For shareholders, this is a debt-raising event with no equity dilution, though increased leverage could be a point to monitor.