MoneyWorks4Me

TruCap Finance raises Rs 40 crore through NCDs

24 Jan 2024 Evaluate

TruCap Finance has raised Rs 40 crore through the allotment of 4,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each on a private placement basis to the eligible investor. The Finance Committee constituted by the Board of Directors of the company at their meeting held on January 24, 2024 have inter-alia, considered and approved the same. 

TruCap Finance (formerly known as Dhanvarsha Finvest) is a listed, non-deposit taking RBI Registered NBFC. It is a specialized MSME lender solving the gap in providing access to affordable credit solutions to entrepreneurs.


Peers
Company Name CMP
Power Finance Corpn. 333.00
REC 307.10
NHIT 168.00
Satin Creditcare Net 231.55
IFCI 67.01
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