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Corporate News

Laxmi India Finance Limited allotted Rs 100 crore in debentures via private placement
02-Sep-2026, 09:10

Laxmi India Finance Limited, formerly Laxmi India Finance Private Limited, has approved the allotment of 70,000 rated, listed debentures with a nominal value of Rs 70 crore and 30,000 debentures with a nominal value of Rs 30 crore on a private placement basis. The debentures, designated as Series A and Series B respectively, each have a face value of Rs 10,000 and will mature on September 02, 2029, with an annual coupon rate of 10.50% payable monthly. The Business Operation Committee of the Board of Directors approved the allotment on September 02, 2026, following a meeting that commenced at 3:00 P.M. and concluded at 3:30 P.M.