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Board approved Rs5cr Series-A secured unlisted NCDs (5,000 x Rs10,000), 18-month tenure, 20% annual coupon paid monthly, 125% receivables cover with Catalyst as trustee. Appointed Jitendar Prasad, 24-year mortgage veteran, as CEO and KMP. Context: first drawdown under newly approved debt headroom.
Raama Finance Allots 97 Lakh Shares And Rs 4.61 Crore NCDs
Raama Finance Board Approves ₹100 Crore NCD Private Placement