Company Update

Unifinz Capital India Ltd has announced the issuance of up to 50,000 senior, secured, rated, listed, redeemable, taxable, transferable, non-convertible debentures with a face value of INR 10,000 each, aggregating to 50 Cr, on a private placement basis.

This includes a green shoe option of up to 30,000 debentures amounting to 30 Cr.

The instruments carry a fixed coupon of 11% per annum payable monthly, have a tenure of 15 months, and are secured by a first-ranking exclusive charge over specific book debts and receivables maintaining asset cover of at least 1.10 times.