Laxmi India Finance Limited Allots 50,000 Non-Convertible Debentures Worth Rs. 50 Crores
Laxmi India Finance Limited Allots 50,000 Non-Convertible Debentures Worth Rs. 50 Crores is drawing significant interest across the industry.
Laxmi India Finance Limited's Business Operation Committee approved the allotment of 50,000 non-convertible debentures worth Rs. 50 crores on February 24, 2026. The NCDs carry a face value of Rs. 10,000 each and offer a 10.50% annual coupon rate with monthly payments. The 36-month tenure debentures are secured by hypothecation of identified receivables and will be listed on BSE's Wholesale Debt segment, maturing on February 24, 2029.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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