Regency Fincorp announced that its Board of Directors have approved the issuance of 75,000 Secured, Rated, Listed, Non-Convertible Debentures (NCDs), each having a face value of ₹10,000, aggregating to ₹75 crore on a private placement basis. According to reports from Business Standard, the issuance comprises a base issue of 25,000 NCDs aggregating to ₹25 crore, along with a green shoe option of 50,000 NCDs aggregating to ₹50 crore. The NCDs will have a tenure of 30 months from the deemed date of allotment.
As reported by Business Standard, the funds raised through this issuance will be primarily deployed to strengthen and grow the Company's two core business areas. Secured Lending remains the Company's core business segment, providing a stable, asset-backed foundation, while Digital Lending is positioned as its core growth engine, driving scale and future expansion. This strategic approach focuses on leveraging both established and emerging business segments for sustainable growth.
According to Business Standard, this NCD issuance represents Regency Fincorp's strategic move to strengthen its capital base for business expansion. The private placement structure allows the company to raise funds efficiently while maintaining its position in the secured lending and digital lending segments. The green shoe option provides flexibility to increase the fundraising amount based on market demand and business requirements.
