Capital India Finance Limited has announced the successful issuance of Rs 50 crore worth of listed, rated, senior secured non-convertible debentures (NCDs) through a private placement.
The move is part of the company’s ongoing efforts to diversify its funding base and support its business expansion plans.
The NCDs carry a tenor of three years and offer an annual coupon rate of 9.55 per cent, with repayment structured as a bullet payment at the end of the tenure.
Each debenture is priced at a face value of Rs 1 lakh, with a minimum subscription lot of 100 debentures, amounting to Rs 1 crore. The issuance is listed on the Bombay Stock Exchange (BSE).
Pinank Shah, Chief Executive Officer, Capital India Finance, stated that the successful placement represents a key milestone in the company’s liability management strategy.
He noted that the transaction not only enhances funding flexibility and reduces dependence on conventional banking channels but also strengthens the firm’s capital structure in a cost-effective and sustainable manner.
“This issuance positions us well to scale our lending business while maintaining a sharp focus on long-term value creation and investor confidence,” Shah added.
The funds raised through the NCD issuance will be allocated towards onward lending, refinancing of existing borrowings, repayment of financial liabilities, and meeting working capital requirements, in alignment with the company’s capital allocation framework.
Capital India Finance Limited, listed on both the NSE and BSE under the ticker CIFL, provides tailored credit solutions to micro, small and medium enterprises, professionals, and retail borrowers.
The company combines deep underwriting capabilities with a hybrid phygital operating model to extend credit access efficiently across customer segments.
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