Mangal Credit and Fincorp has raised Rs 20 crore through the allotment of 2,000 fully paid, senior, secured, rated, listed, redeemable, taxable non-convertible debentures, each having a face value of Rs 1,00,000, issued at a discount of Rs 2,000 each, on a Private Placement basis in terms of the in-principal approval of BSE dated May 18, 2026.
The NCDs have a tenure of 27 months and carry a coupon rate of 11.75% per annum (subject to deduction of tax at source, as applicable). The Loans and Advance Committee at its meeting held on June 23, 2026, approved the allotment of the same.
Mangal Credit and Fincorp is a listed non-banking financial services company offering gold loans, personal loans and SME loans.
| Company Name | CMP |
|---|---|
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| Shriram Finance | 1034.50 |
| Aditya Birla Capital | 394.05 |
| Chola Invest & Fin. | 1810.50 |
| Tata Capital | 362.45 |
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