Announced Fri, 24 Jul · 19:49 IST
Veefin Solutions board approves INR 35 crore NCD issuance 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
After-mkt
timing
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AI summary
Veefin Solutions board has approved raising up to INR 35 crores through issuance of up to 3,50,000 unrated, unlisted, secured, redeemable NCDs at face value Rs 1,000 each, issued at par in one or more tranches on a private placement basis. Coupon rate, tenure, and other terms will be disclosed at the time of allotment. The NCDs will not be listed on any stock exchange.
Likely market impact
Private debt raise may strengthen capital base, but coupon and terms are undecided and NCDs will not be listed, limiting secondary liquidity for holders.