Laxmi India Finance approves ₹100 crore NCD issuance at 10.50% coupon with 36-month tenure maturing September 2029.
Amount Raised
₹1 Billion
Round Type
Debt Financing
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.
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