Dar Credit & Capital Limited Successfully Raises Up To ₹100 Crore through NCD Issue via NSE Platform
Dar Credit & Capital Limited (DCCL), a listed Non-Banking Financial Company (NBFC), has announced the successful issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs). The funding raise amounted to up to ₹100 Crores and was executed through the NSE Electronic Book Provider (EBP) Platform on a private placement basis.The completion of this significant capital market event reflects growing investor confidence in DCCL's financial strength, governance framework, and long-term growth strategy. This NCD issuance is part of the company’s ongoing commitment to sustainable growth and strengthening its liability profile.
Mr. Ramesh Kumar Vijay, Chairman, Whole-time Director and Promoter of Dar Credit & Capital Limited, commented on the achievement, noting that the positive response from investors underscores the trust placed in the company's financial discipline and governance framework. He stated that the transaction will significantly enhance DCCL’s ability to expand credit access across underserved and emerging customer segments.
The proceeds generated from the NCD issue are earmarked to support DCCL's continuous efforts to expand its lending portfolio, with a particular focus on MSME and financially underserved client segments where the company maintains a strong operational presence. The successful fund raise is expected to boost the Company’s financial flexibility and bolster its medium-to long-term business objectives.
DCCL operates as an NBFC registered with the Reserve Bank of India (RBI). The company provides credit solutions primarily targeting emerging and underserved customer groups. DCCL maintains a diversified portfolio that includes secured and unsecured loan products, driven by a strong commitment to responsible lending and robust risk management practices.
DCCL Stock Price Movement
Shares of Dar Credit & Capital Limited today slipped by 2.08%, concluding the session at ₹47 after shedding ₹1.00 from yesterday's closing price. The stock saw limited activity with a trading volume of 2,000 shares recorded for the equity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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