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Unifinz Capital India Raises INR450 Million Through Debenture Allotment; Shares Down 4%

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Unifinz Capital India (BOM:541358) has raised 450 million Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a BSE filing on Wednesday.

The company's board approved the allotment of 45,000 listed, rated, senior, secured, taxable, transferable, redeemable, nonconvertible debentures denominated in Indian rupees having a face value of 10,000 rupees each.

The debentures will have a coupon rate of 13% per annum, payable monthly, and are scheduled to mature on May 20, 2028.

The company's shares were down over 4% in recent trade.

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Unifinz Capital India Raises INR450 Million Through Debenture Allotment; Shares Down 4% | FINWIRES