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Arman Financial Services completes allotment of CCDs worth Rs 50 crore to SAIF Partners India

12 Apr 2018 Evaluate

Arman Financial Services completed the preferential allotment of Compulsorily Convertible Debentures (CCDs) worth Rs 50 crore to SAIF Partners India. The company has allotted 16,66,667 CCDs with issue price of Rs 300 each carrying a coupon of 10% simple interest per annum for a term of 18 months.

Arman Financial Services, a leading Gujarat based nonbanking financial company (NBFC), with interests in microfinance, two wheelers and MSME loans.

Peers
Company Name CMP
Bajaj Finance 1040.00
Shriram Finance 1007.00
Aditya Birla Capital 402.00
Tata Capital 350.05
Chola Invest & Fin. 1770.45
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