Magma fincorp, Non-banking financial company company

Mumbai, Feb 7 Magma Fincorp will raise up to Rs 3,000 crore through debt securities in the next financial year FY21-22 through debt securities.In a regulatory filing, the non-banking financial company has said that its Board of Directors has approved the issuance of debt securities in the nature of non- convertible debt securities secured, unsecured, subordinated debentures and so on.The issuance of securities of up to Rs 3,000 crore will be done in one or more series or tranches through private placement.The filing said that the banks, pension funds, mutual funds and other entities or individuals including but not limited to multilateral development organisation, institutional investors, foreign portfolio investors, financial institutions, companies among others.The tenure of the secured debentures would be up to 10 years, while that for unsecured debentures would be up to 10 years or perpetual. The tenure of subordinate debentures will be at least 5 years.( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Magma Fincorp, NewsFOLLOW

Magma fincorp, Latest News

International :Adar Poonawalla appointed chairman of Magma Fincorp

New Delhi, June 1 Adar Poonawalla has been appointed as an Additional Director in the capacity of Non-Executive ... ...

Business :Magma Fincorp to raise up to Rs 3K cr via debt securities in FY22

Mumbai, Feb 7 Magma Fincorp will raise up to Rs 3,000 crore through debt securities in the next ... ...