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Fedbank Financial Services Ltd. ( (IN:FEDFINA) ) has shared an announcement.
Fedbank Financial Services Limited has approved and allotted 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 at a coupon of 7.29% per annum for a tenure of 36 months, with a proposal to list these instruments on the BSE. The company has also 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 employee ownership while maintaining pari-passu rights with existing shares.
More about Fedbank Financial Services Ltd.
Fedbank Financial Services Limited is a non-banking financial company (NBFC) offering retail and SME-focused lending solutions, including secured loans, and operates in the Indian financial services market with its equity and debt securities listed on major stock exchanges such as NSE and BSE.
Average Trading Volume: 87,660
Technical Sentiment Signal: Buy
Current Market Cap: 61.78B INR
Find detailed analytics on FEDFINA stock on TipRanks’ Stock Analysis page.