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Veefin Solutions secures Rs 30 crore in debentures from Stride Ventures Debt Fund 4
08-Aug-2026, 05:51
Veefin Solutions Limited announced that its board has approved the allotment of 3,00,000 unrated, unlisted, secured, redeemable non-convertible debentures with a face value of Rs 1,000 each, for an aggregate principal amount of Rs 30 crore, to Stride Ventures Debt Fund 4 on a private placement basis. The debentures, maturing on August 8, 2029, carry an interest rate of 16.65% per annum payable monthly and are secured by a first ranking pari passu charge over the company's hypothecated properties, a pledge over equity securities held by promoters Gautam Udani and Raja Debnath, personal guarantees from the promoters, an escrow of 50% of receivables, and corporate guarantees from GlobeTf Solutions Limited and Estorifi Solutions Limited.
Veefin Solutions Limited announced that its board has approved the allotment of 3,00,000 unrated, unlisted, secured, redeemable non-convertible debentures with a face value of Rs 1,000 each, for an aggregate principal amount of Rs 30 crore, to Stride Ventures Debt Fund 4 on a private placement basis. The debentures, maturing on August 8, 2029, carry an interest rate of 16.65% per annum payable monthly and are secured by a first ranking pari passu charge over the company's hypothecated properties, a pledge over equity securities held by promoters Gautam Udani and Raja Debnath, personal guarantees from the promoters, an escrow of 50% of receivables, and corporate guarantees from GlobeTf Solutions Limited and Estorifi Solutions Limited.