ALPHA TRIBE

Capital India Finance LtdBoard Meeting, 16-07-2025: Board Meeting

16-07-2025 | 08:28 pm

Capital India Finance Limited's Board has approved a plan to raise up to INR 50 Cr through the issuance of Non-Convertible Debentures (NCDs) via private placement. These NCDs, set to be listed on BSE, will carry a fixed coupon interest rate of 9.55% per annum, with yearly payments. The debentures will be secured by loans equivalent to 110% of the aggregate principal outstanding. This strategic borrowing aims to bolster the company's financial resources, providing crucial capital for its ongoing operations and future growth initiatives, which is positive for stakeholders.

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