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An update from Fedbank Financial Services Ltd. ( (IN:FEDFINA) ) is now available.
Fedbank Financial Services has approved and completed the allotment of 20,000 senior, secured, listed, rated, redeemable non-convertible debentures with a face value of Rs 1,00,000 each, aggregating Rs 200 crore, on a private placement basis to eligible investors. The NCDs, carrying a coupon of 7.29% per annum payable quarterly and a tenure of 36 months, are proposed to be listed on BSE, enhancing the company’s debt funding profile and access to capital markets. Additionally, the company allotted 12,700 equity shares following the exercise of employee stock options under its 2018 ESOP scheme, marginally increasing its paid-up share capital and reinforcing its equity-based employee incentive structure.
More about Fedbank Financial Services Ltd.
Fedbank Financial Services Limited (Fedfina) is a listed non-banking financial company (NBFC) based in Mumbai, offering secured lending products and other retail finance solutions, with its securities listed on the National Stock Exchange of India and BSE. The company raises debt through listed non-convertible debentures and also operates an employee stock option scheme to incentivise and retain staff.
Average Trading Volume: 87,660
Technical Sentiment Signal: Buy
Current Market Cap: 61.78B INR
For an in-depth examination of FEDFINA stock, go to TipRanks’ Overview page.