BSECompany Update▲ PositiveFundraise23 Jun 2026
Mangal Credit and Fincorp Ltd
Intimation with respect to Allotment of 2,000 Non-Convertible Debentures on Private Placement Basis.
Mangal Credit and Fincorp Ltd has allotted 2,000 secured, listed, rated, taxable, redeemable Non-Convertible Debentures (NCDs) aggregating to INR 20 Crores on a private placement basis. Each NCD has a face value of INR 100,000 and was issued at a discount, carrying a coupon rate of 11.75% per annum payable monthly. The NCDs, maturing in September 2028, are secured by a first ranking charge on identified receivables at 1.20 times the principal outstanding. This fundraising initiative will enhance the company's capital base for lending and business operations.
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