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Baid Leasing and Finance gets nod to raise Rs 250 crore through NCDs

23 Jun 2021 Evaluate

Baid Leasing and Finance Company has received approval for the issuance of Non-Convertible Debentures (NCDs) on private placement basis, in one or more tranches of Rs 250 crore from time to time, subject to the approval of shareholders of the company. The Board of Directors of the company in their meeting held on June 22, 2021 has approved the same.

Baid Leasing and Finance Company was incorporated as a public limited company on December 20, 1991, under the Companies Act, 1956. The company is engaged in the business of leasing and hire purchase, auto finance business etc.

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