Company Update

Regency Fincorp Ltd has approved raising INR 50 Cr through a private placement of secured, rated, listed, non-convertible debentures, comprising a base issue of INR 30 Cr and a green shoe option of INR 20 Cr, offering 12.00% interest per annum payable monthly with a tenure of 15 months.

The company has appointed Catalyst Trusteeship Limited as trustee and Credora Partners Private Limited as merchant banker for this issuance.

Additionally, the company has considered proposals to issue employee stock options and raise funds via equity shares, warrants, and/or compulsory convertible debentures.