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.