Regency Fincorp Receives 'IVR BBB/Stable' Rating from Infomerics for Proposed NCD Issuance
Regency Fincorp Limited, a non-banking financial company (NBFC), announced that Infomerics Valuation and Rating Limited has assigned an 'IVR BBB/Stable' credit rating to the Company's proposed Non-Convertible Debentures (NCDs) and Proposed Fund Based Banking Facility. The rating also included an upgrade for existing NCD instruments previously issued by the firm.The proposed Non-Convertible Debenture issuance, which amounts to ₹100 crore, received this credit rating from Infomerics Valuation and Rating Limited, a SEBI-registered credit rating agency.
A detailed breakdown of the rating assignment is provided below:
| Instrument | Amount (Rs. Crore) | Rating Assigned | Rating Action |
|---|---|---|---|
| Proposed Non-Convertible Debentures (NCD) | 100.00 | IVR BBB/Stable | Rating Assigned |
Gaurav Kumar, Managing Director of Regency Fincorp Limited, commented on the rating assignment. He stated that the 'IVR BBB/Stable' rating reflected the strength of the company’s financial profile and its disciplined risk management and prudent lending practices.
The proposed NCD issuance is set to significantly bolster the company's funding base. Kumar added that this initiative will support the firm's growth strategy by enabling it to meet the credit needs of both new and existing customers. He concluded that the recognition reinforces stakeholder confidence in Regency Fincorp's financial stability, commitment to sustainable growth, and maintenance of strong asset quality and governance standards.
Regency Fincorp Limited operates as an NBFC providing a range of financial products and lending solutions tailored for retail customers, MSMEs, and emerging businesses. The company emphasizes driving financial inclusion through operational excellence and customer-centric innovation.
Stock Price Movement
Regency Fincorp Ltd closed its trading on Friday, settling at ₹45.81, marking a solid jump of 4.76%. Throughout the session, shares traded within an intraday range, moving from a low of ₹43.15 up to a high of ₹45.91.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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