Board MeetingOutcome of Board Meeting
Mangal Credit's board withdrew a ₹20 Cr NCD fundraising plan.
Mangal Credit and Fincorp LimitedMANCREDIT · Filed with the exchange
It now aims to raise ₹35 Cr via private placement, issuing 3,500 secured, listed NCDs.
These new NCDs will offer 11.50% p.a. interest, paid monthly, for 23 months.
A clear funding pivot.
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