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Board allotted 25 lakh convertible warrants at Rs247 each aggregating Rs61.75 crore, with Rs15.44 crore (25%) paid upfront, to five promoter allottees and one non-promoter for conversion to equity within 18 months. Context: resolves pending promoter-warrant overhang.
Mangal Credit Proposes ₹35 Crore NCD Issue, Withdraws ₹20 Crore Plan
Mangal Credit Approves ₹20 Crore NCD Issue, Doubles Borrowing Limit
Mangal Credit and Fincorp Allots ₹20 Crore NCDs at 11.75% Coupon