ALPHA TRIBE

ESAF Small Finance Bank LimitedQIP/Rights/Pref., 17-07-2025: Allotment of Securities

17-07-2025 | 04:54 pm

ESAF Small Finance Bank has successfully allotted 6,500 Non-Convertible Debentures (NCDs) through a private placement. Each NCD has a face value of Rs. 1 Lakh, raising a total of Rs. 65 Crores for the bank. These unsecured, Basel II compliant bonds offer a fixed interest rate of 11.10% and will mature in 6 years. This capital infusion of Rs. 65 Cr is set to bolster the bank's financial strength and support its growth plans. The NCDs are intended for listing on the NSE.

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