Regency Fincorp Ltd to raise funds through preferential issue, NCDs

The Board of directors of Regency Fincorp Ltd have considered and approved issuance of 27608333 (Two Crores Seventy Six Lakhs Eight Thousand Three Hundred Thirty Three) Equity Shares and 5000000 (Fifty Lakhs) Warrants convertible into equity shares on Preferential Basis to the Promoters / Non-Promoters. The issue price for both equity shares and convertibles warrants is fixed as Rs. 12/-.

The Board also considered and approved issuance of Unsecured / Secured Non-Convertible debentures in one or more tranches to Resident / Non-Residents of India to raise upto Rs. 20,00,00,000/- (Rupees Twenty Crores only). The Coupon Rate will be 14.5% Annually and interest shall be credited on quarterly basis i.e. by 11th Oct, 11th Jan, 11th Apr and 11th Jul upto Redemption.

Shares of Regency Fincorp Ltd was last trading in BSE at Rs. 10.73 as compared to the previous close of Rs. 10.69. The total number of shares traded during the day was 10543 in over 65 trades.

The stock hit an intraday high of Rs. 10.89 and intraday low of 10.57. The net turnover during the day was Rs. 113153.00.

Source : Equity Bulls

Keywords

RegencyFincorp INE964R01013 FundRaising PreferentialIssue EquityShares ConvertibleWarrants NCDs