SRG Housing Finance Limited — QIP/Rights/Pref., 08-08-2025: Issue of Securities
08-08-2025 | 02:58 pm
08-08-2025 | 02:58 pm
SRG Housing Finance's Borrowing Committee has approved raising funds via Non-Convertible Debentures (NCDs) through a private placement. They plan to issue 5,000 NCDs, each with a face value of INR 1,00,000. The total amount to be raised is INR 50 Cr (including a 15 Cr green shoe option). These NCDs are rated, secured, and will be listed on BSE. The funds will be raised from eligible investors. Security for these NCDs will be an exclusive charge over a specific asset portfolio of receivables, ensuring a minimum 1.1x security cover.
No comments yet. Be the first to comment!
