Arman Financial Services has raised Rs 49 crore through allotment of non-convertible debentures (NCDs). The company has allotted 4900 Senior, secured, rated, listed, transferable, taxable, redeemable non-convertible debentures denominated in INR, each having a face value of Rs 1,00,000 and an aggregate face value of Rs 49 crore comprising of base issue of 2,500 senior, secured, rated, listed, redeemable, taxable, transferable non-convertible debentures, each having a face value of Rs 1,00,000 and an aggregate face value of Rs 25 crore; and Green Shoe Option of 2,400 senior, secured, rated, listed, redeemable, taxable, transferable nonconvertible debentures, each having a face value of Rs 1,00,000 and an aggregate face value of Rs 24 crore. The Board of directors by way of circular resolution on July 19, 2023, have approved the allotment of 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.
