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Arman Financial Services gets nod to raise Rs 49 crore via NCDs

08 Jul 2023 Evaluate

Arman Financial Services has received an approval for the issuance of Senior, secured, rated, listed, transferable, taxable, redeemable non-convertible debentures (NCDs) for an amount not exceeding Rs 49 crore on a private placement basis. The Finance & Investment Committee of the Company has at its meeting held on July 08, 2023 inter-alia, considered and approved the same. 

Arman Financial Services is Category ‘A’ Non-Banking Finance Company (NBFC), which provides lending services primarily in the Two-Wheeler, Micro-Enterprise (MSME), and Microfinance segment.


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