Other Deals - Listed Firms
Gold loan provider Indel Money to raise Rs.500-Cr via public issue of NCDs
Ernakulam-based gold loan financier Indel Money is planning to raise INR 500 crore through a public issue of non-convertible debentures (NCDs). The issuance comprises a base amount of INR 250 crore, with an option to retain oversubscription of up to an additional INR 250 crore.The NCDs are being offered with coupon rates ranging from 9 to 11.50 % per annum, depending on tenors that span from 400 days to 72 months.Indel Money plans to use the funds to strengthen its capital position and support the financing requirements of its clients.
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