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Veefin Solutions secures Rs 20 crore via private placement of debentures maturing in 2028
04-Aug-2026, 08:55
Veefin Solutions Limited announced that its board has approved the allotment of 2,00,000 unrated, unlisted, secured, redeemable non-convertible debentures with a face value of Rs 1,000 each, for an aggregate principal amount of Rs 20 crore on a private placement basis. The debentures, maturing on August 4, 2028, carry an interest rate of 15% per annum, payable monthly, and are secured by a first ranking pari-passu charge over the company's moveable assets, a first ranking exclusive charge over shares held by promoters, and personal guarantees from the promoters.
Veefin Solutions Limited announced that its board has approved the allotment of 2,00,000 unrated, unlisted, secured, redeemable non-convertible debentures with a face value of Rs 1,000 each, for an aggregate principal amount of Rs 20 crore on a private placement basis. The debentures, maturing on August 4, 2028, carry an interest rate of 15% per annum, payable monthly, and are secured by a first ranking pari-passu charge over the company's moveable assets, a first ranking exclusive charge over shares held by promoters, and personal guarantees from the promoters.