Announced Fri, 24 Jul · 19:38 IST
Board approves NCD issuance up to Rs 35 Cr via private placement
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹305.00
prior close
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base price
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AI summary
Veefin Solutions board on 24 Jul 2026 approved raising up to Rs 35 Crore through unrated, unlisted, secured, redeemable Non-Convertible Debentures via private placement. Up to 3.5 lakh NCDs at face value Rs 1,000 each, issued at par in one or more tranches. NCDs will not be listed on any exchange. Coupon, tenure and security details remain undisclosed and will be shared at the time of allotment.
Likely market impact
Debt raise of Rs 35 Cr via private NCDs; no equity dilution for shareholders. Key terms like coupon and tenure still pending disclosure.