Laxmi India Finance's Business Operation Committee has approved issuing up to 1,00,000 Rated, Listed, Secured Non-Convertible Debentures (NCDs) through private placement.

These NCDs, each with a face value of INR 10,000, will raise an aggregate nominal value of up to INR 100 Cr.

This total amount incorporates a green shoe option for up to 20,000 NCDs, valued at INR 20 Cr.

The NCDs will be listed on the BSE Wholesale Debt Market and are secured by a charge on identified receivables.

This capital raise aims to strengthen the company's financial position and support its operations.