Magma Fincorp has informed that pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) read together with Para A of Part A of Schedule III of the Listing Regulations, and pursuant to the approval of the Board in its meeting dated 31 January 2019 approving the overall limit for issuance of debt securities, the duly authorized Management Committee of the Board of Directors of the Company, at their meeting held on 10 December 2019, have approved the allotment of 3500 Nos. of unlisted, unrated, senior, secured, redeemable, transferable, non-convertible debentures denominated in Indian Rupees (NCDs) of the face value of Rs 10,00,000 each, at par, aggregating to Rs 350 Crores to Nederlandse Financierings- Maatschappij voor Ontwikkelingslanden N.V. (FMO) on private placement basis with a view to raise debt for its ongoing business operations of the Company including expansion and growth of its micro, small, medium enterprise(s) loan portfolio.
The above information is a part of company’s filings submitted to BSE.
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