 "Repco Home Finance raises Rs 200 crore via NCDs")
Repco Home Finance on Monday said it has raised up to Rs 200 crore by issuing non-convertible debentures on private placement basis.
The fund-raising plan was approved at the company's Securities Allotment Committee meeting on Monday.
"The Securities Allotment Committee has allotted 2,000 secured redeemable non-convertible debentures (SRNCD) of face value of Rs 10 lakh each aggregating Rs 200 crore on private placement basis," the company said in a regulatory filing.
The NCDs will be listed on the debt market segment of BSE.
The Chennai-headquartered housing loan company was set up in April 2000 to tap the growth potential in the housing finance market.
As of March 2016, the company has 120 branches and 31 satellite centres in Tamil Nadu, Andhra Pradesh, Jharkhand, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Odisha, West Bengal and Puducherry.
Share of the company closed 4.42 per cent down at Rs 813.25 on BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%