ALPHA TRIBE

ESAF Small Finance Bank LimitedQIP/Rights/Pref., 14-08-2025: Allotment of Securities

14-08-2025 | 06:49 pm

ESAF Small Finance Bank has successfully raised Rs. 50 Cr by allotting 5,000 Non-Convertible Debentures (NCDs) through a private placement. Each NCD has a face value of Rs. 1 lakh. These Basel II compliant Tier II bonds are unsecured, offering an interest rate up to 11.30% and a tenure of 69 months. This capital infusion significantly strengthens the bank's financial base, providing crucial funds for business expansion and operational stability, a positive sign for investors.

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