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An update from Fedbank Financial Services Ltd. ( (IN:FEDFINA) ) is now available.
Fedbank Financial Services Ltd. has received board approval via circular resolution for the draft General Information Document and Key Information Document related to a proposed private placement of secured, listed, rated, redeemable senior non-convertible debentures totaling up to Rs 200 crore. This issuance, part of a broader shareholder-approved NCD borrowing limit of up to Rs 2,500 crore, will involve 20,000 debentures of Rs 1 lakh each with a 36-month tenure, to be listed on the Bombay Stock Exchange, further diversifying the company’s debt funding sources and potentially strengthening its balance sheet and lending capacity.
More about Fedbank Financial Services Ltd.
Fedbank Financial Services Ltd., also known as Fedfina, operates in the non-banking financial services sector in India, providing lending and related financial products. The company focuses on secured financing and capital market instruments, using listed non-convertible debentures and commercial paper as part of its funding mix to support its lending operations and growth plans.
Average Trading Volume: 91,498
Technical Sentiment Signal: Strong Buy
Current Market Cap: 52.73B INR
See more data about FEDFINA stock on TipRanks’ Stock Analysis page.