ESAF Small Finance Bank Board Approves Rs500 Crore Tier-II NCD Issue

Board approved raising Tier II capital up to Rs 500 Cr via private placement of unsecured redeemable NCDs in one or more tranches up to next AGM. Debt raise, not an equity issue so no dilution; follows recent rating upgrades validating turnaround and supports planned secured-led growth. Coupon, tenure, pricing and tranche timing not disclosed, left to board committee; equity capital need remains unresolved.