Company Update

Regency Fincorp Ltd has approved raising INR 50 Cr through a private placement of 50,000 secured, rated, listed, non-convertible debentures with a face value of INR 10,000 each, comprising a base issue of INR 30 Cr and a green shoe option of INR 20 Cr.

The 15-month instrument offers a 12% annual coupon payable monthly and requires a 1.25x security cover backed by receivables.

Additionally, the company appointed Catalyst Trusteeship Ltd as trustee and Credora Partners Private Ltd as merchant banker, while also reviewing proposals for issuing employee stock options and raising funds via equity shares, warrants, or compulsory convertible debentures.