Sbfc Finance Limited has informed the Exchange regarding allotment of 20000 securities pursuant to Non Convertible Securities.
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SBFC Finance has allotted 20,000 redeemable, senior, secured, listed non-convertible debentures of face value Rs. 1,00,000 each, aggregating to Rs. 200 crore, on a private placement basis to identified eligible investors. The NCDs carry a floating coupon of 8.43% per annum (subject to benchmark reset), have a 2-year tenure maturing on August 20, 2027, and will be listed on BSE. The issuance was approved by shareholders at the AGM on July 14, 2025. Interest is paid monthly, with principal repayment at maturity. The NCDs are secured by a first-ranking pari passu charge over the company's hypothecated assets.
This is a routine Rs. 200 crore debt raise by SBFC Finance to support its lending business, with no equity dilution. The 8.43% floating rate and 2-year maturity are standard for an NBFC. No material impact on equity shareholders or stock price is expected, though it adds to the company's interest expense obligations.