Clix Capital planning to raise upto Rs 2,500 cr through debentures

Clix Capital, which is in discussions with Lakshmi Vilas Bank (LVB) for a possible merger, is planning to raise upto Rs 2,500 crore through debentures.

The enabling resolution for issuing non-convertible debentures (NCDs) was placed before shareholders for approval at its Annual General Meeting on September 30, 2020, according to a filing with the NSE. The company’s NCDs carry a rating of “A+” with stable outlook from CARE Ratings.

The company would raise funds through private placement of debentures in one or more tranches. It, however, did not elaborate on the purpose of raising funds.

In response to a Business