Usha Financial Services Limited Approves Allotment of Unlisted Debentures in Private Placement
Usha Financial Services Limited announced that its Board of Directors approved the allotment of Unlisted 12% Secured Redeemable Non-Convertible Debentures (Series 'Q'). The decision was made following a Board meeting held on Monday, June 22, 2026.The company's board reviewed and ratified the allocation of these debentures, which will be issued on a private placement basis.
Details regarding the approval include:
| Detail | Description |
|---|---|
| Financial Instrument | Unlisted Secured Redeemable Non-Convertible Debentures (Series 'Q') |
| Interest Rate | 12% |
| Issuance Method | Private placement |
| Board Meeting Date | June 22, 2026 |
The board meeting commenced at 12:00 P.M. and concluded at 12:30 P.M., approving the issuance of the debentures as part of a strategic financial move.
USHAFIN Stock Price Movement
As of 1:33 PM, Usha Financial Services Limited sheds value in live trading, with shares dropping 3.89% to trade at ₹34.60. The stock is experiencing significant activity during the session, seeing a traded volume of 35,200 shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.