Fedbank Financial Services Ltd. Allots Debentures Worth ₹450 Crores
Fedbank Financial Services Ltd. announced the allotment of unsecured, rated, subordinated, listed, redeemable, non-convertible debentures for an aggregate sum of ₹450 crores on a private placement basis.The company had previously received shareholder approval for the issuance of debentures on a private placement basis not exceeding ₹2,500 crores. The Board of Directors finalized the terms for the issuance of up to 50,000 debentures with a face value of ₹1,00,000 each, aggregating up to ₹500,00,00,000. The allotment was approved through a circular resolution dated March 24, 2026.The allotment includes:25,000 debentures with a face value of ₹1,00,000 each...