SBFC Finance has raised Rs 200 crore through the allotment of 20,000 Secured, Rated, Listed, Redeemable Non-convertible debentures (NCDs), of face value of Rs 1,00,000 each at an issue price of Rs 1,00,000 on Private Placement basis. The Board of Directors of the Company through resolution passed by circulation on July 18, 2024 approved the allotment of the same.
SBFC Finance is a systemically important, non-deposit-taking Non-Banking Finance Company (NBFC-ND-SI).