Regency Fincorp Corrects NCD Issue Size To ₹40 Crore, Appoints Horizon As Merchant Banker

Board approved issuance of 40,000 secured, rated, listed NCDs of face value Rs 10,000 each aggregating to Rs 40 Cr on private placement basis (base issue Rs 15 Cr, green shoe option Rs 25 Cr), tenure 30 months, coupon 13% p.a., with 1.35x asset cover. Appointed Horizon Management India Pvt Ltd as merchant banker.