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Laxmi India Finance approves ₹100 crore NCD issuance at 10.50% coupon with 36-month tenure maturing September 2029.

PRIVATESep 02, 2026•6 days ago

Amount Raised

₹1 Billion

Round Type

Venture - Series Unknown

IndiaFinancial ServicesFinanceLendingBanking

Description

Laxmi India Finance approved the allotment of ₹100 crore in non-convertible debentures on September 2, 2026, comprising Series A (₹70 crore) and Series B (₹30 crore). Both series carry a 10.50% per annum coupon, payable monthly, with a 36-month tenure maturing on September 2, 2029. The debentures are secured by first and exclusive charge on identified receivables and will be listed on BSE's Wholesale Debt Market segment. IDBI Trusteeship Services and Mitcon Credentia Trusteeship Services are the trustees for the issuance.

Company Information

Company

Laxmi India Finance

Location

India

About

Laxmi India Finance is a financial services company that provides lending and financing solutions. The company issues non-convertible debentures (NCDs) as part of its capital raising activities. It operates in the Indian financial market and is listed on BSE and NSE. The company focuses on structured debt instruments with secured backing through identified receivables.

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Laxmi India Finance raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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