Shalibhadra Finance Ltd

💰 Shalibhadra Finance Raises ₹19.50 Crore via NCDs at 12% Annual Interest

- Raised ₹19.50 crore through Non-Convertible Debentures (NCDs)

- NCDs offer a 12% per annum coupon rate with monthly interest payments

- Debentures have a 24-month tenure with principal repayment every six months

- NCDs are secured and rated BBB- (Stable) by ICRA

- Funds will be used to support lending operations and optimize cost of funds

- Company focuses on rural and semi-urban retail financing

- Assets Under Management (AUM) exceed ₹200 crore

- Serves more than 1 lakh customers