Mangal Credit and Fincorp raises Rs 30 crore through NCDs

Mangal Credit and Fincorp has raised Rs 30 crore through allotment of 3,000 fully paid, senior, secured, rated, listed, redeemable, taxable non-convertible debentures (NCDs), each having a face value of Rs 1,00,000 at an issue price of Rs 98,000, i.e., at a discount of Rs 2,000 per debenture on Private Placement basis. Maturity of the said NCDs will be on September 23, 2028. 

Mangal Credit and Fincorp is a listed non-banking financial services company offering gold loans, personal loans and SME loans.