Capital India Finance Limited Announces the Issuance of ₹50 Crore, Listed, NCDs on Private Placement Basis

Capital India Finance Limited, a prominent middle layer non-banking financial company (NBFC), has announced the successful issuance of senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) amounting to ₹50 crore on a private placement basis. This move is aligned with the Company’s strategy to strengthen its funding base and support ongoing business expansion.

Key terms of the issue:

• Issue Size: ₹50 crore
• Face Value: ₹1 lakh for each NCD
• Minimum Lot Size: 100 NCDs aggregating to ₹1 crore.
• Type: Senior, Secured, Rated, Listed, Redeemable, Taxable Non-Convertible Debentures
• Tenor: 3 years
• Repayment: Bullet Payment at the end of 3 years
• Coupon Rate: 9.55% per annum, payable annually
• Exchange: BSE 

“The successful issuance of our Non-Convertible Debentures marks a pivotal step in Capital India Finance Limited’s ongoing strategy to diversify and strengthen our liability profile” says Mr. Pinank Shah, CEO, Capital India Finance Limited.

“By accessing the debt capital markets, we are not only broadening our funding sources and lowering our dependence on traditional funding channels, but also reinforcing a more resilient and cost-effective capital structure. It positions us well to scale our lending business sustainably, with a strong focus on long-term value creation and investor confidence”, Mr. Shah adds. 

The proceeds from the issuance will be utilized for onward lending, refinancing, repayment of existing financial indebtedness and working capital requirements in accordance with the Company’s growth and capital planning objectives.