Back
Corporate News
Issuer utilized Rs 4,498.45 million of Rs 5,000 million public offering for NBFC lending
29-Jul-2026, 08:04
A Crisil Ratings Limited compliance report revealed that an unnamed issuer utilized Rs 4,498.45 million of the Rs 5,000 million raised through a public offering as of June 30, 2026, primarily for onward lending as an NBFC. The report indicated Rs 107.42 million remains unutilized and is currently held in a HDFC Bank account. Issue expenses of Rs 387.87 million were covered initially from the company's current accounts and later reimbursed. The report noted no delays in implementing the stated objectives, and while CRL relied on information provided by the issuer’s management and auditors, it did not conduct an independent audit and disclaims any liability.
A Crisil Ratings Limited compliance report revealed that an unnamed issuer utilized Rs 4,498.45 million of the Rs 5,000 million raised through a public offering as of June 30, 2026, primarily for onward lending as an NBFC. The report indicated Rs 107.42 million remains unutilized and is currently held in a HDFC Bank account. Issue expenses of Rs 387.87 million were covered initially from the company's current accounts and later reimbursed. The report noted no delays in implementing the stated objectives, and while CRL relied on information provided by the issuer’s management and auditors, it did not conduct an independent audit and disclaims any liability.