<h1>Regency Fincorp Raises INR 40 Crore Through Private Placement of 13% Secured NCDs</h1>
Regency Fincorp Limited announced the allotment of Non-Convertible Debentures (NCDs) on a private placement basis, securing funding in an issuance totaling INR 40,00,00,000. The Allotment Committee meeting concluded the process of issuing the secured debentures, which carry a coupon rate of 13%.
The company allotted a total of 40,000 debentures, each having a face value of INR 10,000. These NCDs are designated as 13% Listed, Secured, Rated, and Redeemable Non-Convertible Debentures. The entire issue size was successfully allocated at the mandated amount of INR 40,00,00,000 to identified investors.
The debentures carry a tenor of 30 months, with the maturity date set for January 30, 2029. Interest payments under the debenture scheme will be made monthly.
Key details regarding the NCD issuance are summarized below:
| Feature | Details |
|---|---|
| Issuer | Regency Fincorp Limited |
| Type of Security | 13% Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) |
| Issuance Type | Private Placement |
| Issue Size / Allotted Amount | INR 40,00,00,000 |
| Total Securities Allotted | 40,000 |
| Coupon Rate | 13% |
| Tenor | 30 Months |
| Date of Allotment | July 30, 2026 |
| Date of Redemption/Maturity | January 30, 2029 |
The issuance was extended to three identified investors: MOTILAL OSWAL FINANCIAL SERVICES LIMITED, INFIXIN TECHNOLOGIES PRIVATE LIMITED, and ESHIRUSS FINANCIAL CONSULTANTS PRIVATE LIMITED.
Regarding the security provisions, the proposed NCDs are secured with a first ranking and exclusive charge over the Hypothecated Assets. The issuer is required to maintain a minimum-security cover of 1.35 times the outstanding amounts under the Debentures at all times, ensuring that at least 100% of this security cover comprises principal Loan Receivables.
The debenture repayment structure across the 30 months is defined as follows:
- A 30% repayment of the principal amount is scheduled at the end of the 18th month from the date of allotment.
- A 30% repayment of the principal amount is due at the end of the 24th month from the date of allotment.
- The final 40% repayment is due at the end of the 30th month from the date of allotment, completing the tenor.
Stock Price Movement
As of 12:15, Regency Fincorp Ltd. is ticking down slightly, currently trading at ₹42.07, marking a 2.32% decline. The shares experienced an active intraday range, hitting a low of ₹41.11 and reaching a high of ₹43.40.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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