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TruCap shines on inking pact with Incred Finance

28 Feb 2025 Evaluate

TruCap Finance is currently trading at Rs. 11.72, up by 0.54 points or 4.83% from its previous closing of Rs. 11.18 on the BSE.

The scrip opened at Rs. 11.73 and has touched a high and low of Rs. 11.73 and Rs. 11.32 respectively. So far 167131 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 74.00 on 04-Apr-2024 and a 52 week low of Rs. 10.18 on 24-Feb-2025.

Last one week high and low of the scrip stood at Rs. 11.73 and Rs. 10.18 respectively. The current market cap of the company is Rs. 135.14 crore.

The promoters holding in the company stood at 37.21%, while Institutions and Non-Institutions held 8.08 % and 54.71 % respectively.

TruCap Finance has inked a binding term sheet with Incred Finance to sell its Gold loan business for a consideration of approximately Rs 330 crore (subject to certain adjustments including the principal outstanding as on the date of transaction closing as set forth in the binding term sheet and the long form documents to be executed in connection with the proposed transaction) through the process of slump sale, subject to execution of long form documents, obtaining necessary approvals and fulfilment of conditions precedent to closing.

The transaction is expected to close at the end of April 2025. The company’s balance sheet leverage is projected to go below 1.5 times, while its cost structure is anticipated to reduce by more than approximately 70%. This transaction will not just augment net-worth, reduce debt, and enhance capital efficiency but substantially improve profitability in the focused products - secured Green Energy Finance and MSME business loans with an AUM in excess of Rs 450 crore as of December 31, 2024.

TruCap Finance is a specialized MSME lender solving the gap in providing access to affordable credit solutions to entrepreneurs.

TruCap Finance Share Price

6.23 0.05 (0.81%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 470.80
REC 383.35
Indian Railway Fin. 103.62
NHIT 151.00
Satin Creditcare 172.25
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