Sakthi Finance has decided to raise Rs 100 crore by issuing secured redeemable non-convertible debentures (SRNCDs) of face value of Rs 100 each. The issue will open from February 27 and shall close on March 19, 2015. The net proceeds raised through the issue will be utilized for financing activities (75 percent) and for general corporate purposes (25 percent).
Sakthi Finance provides a wide variety of loans for cars, commercial vehicles, plant machinery and equipment are available and it is one of the first companies to introduce used vehicle financing.
