Laxmi India Finance Limited's Business Operation Committee approved the private placement allotment of 1,00,000 Non-Convertible Debentures (NCDs) totaling INR 100 Crore.

This includes 70,000 Series A NCDs worth INR 70 Cr and 30,000 Series B NCDs worth INR 30 Cr.

These NCDs are rated, listed, and secured, offering an annual interest rate of 10.50% payable monthly.

With a 36-month tenure, these debentures are set to be listed on the BSE Wholesale Debt Market, bolstering the company's financial resources.