Magma Fincorp to raise Rs 1,800 cr via NCDs next fiscal
The company will use the proceeds raised through this mode for its general corporate purposes
 "Magma Fincorp to raise Rs 1,800 cr via NCDs next fiscal")
A meeting of Board of Directors will be held on February 9 to consider the same, the Kolkata-based NBFC said in a BSE filing.
"Magma Fincorp Ltd has informed...To consider raising of funds through issuance of non-convertible debt securities up to Rs 1,800 crore during 2016-17", the filing said.
Also Read
In a separate statement, Magma Housing Finance said its Board of Directors will meet on February 4 to consider raising funds up to Rs 600 crore on a private placement basis in 2016-17.
The company will use the proceeds raised through this mode for its general corporate purposes, it added.
Magma Housing Finance is a step-down subsidiary of Magma Fincorp Limited.