Mangal Credit and Fincorp Limited — QIP/Rights/Pref., 15-03-2025: Issue of Securities

Mangal Credit and Fincorp Limited has announced a board meeting considering the issuance of Non-Convertible Debentures (NCDs) and Green Shoe Options (GSOs) through private placement, aiming to raise up to ₹25 Cr. This includes the issuance of 1,000 NCDs at a face value of ₹1 lakh each, totaling ₹10 Cr, and 1,500 GSOs, also at a face value of ₹1 lakh each, aggregating to ₹15 Cr. The securities will be listed on BSE with a 12.90% annual coupon, maturing in 30 months. Allotment is expected on March 25, 2025.