Mangal Credit Fincorp Board Approves ₹30 Crore NCD Issuance

Board approved two private placement NCD issuances totaling ₹30 crore, to be listed on BSE.
First tranche of ₹10 crore has a 21-month tenor with monthly interest and staggered principal repayment.
Second tranche of ₹20 crore has a ~27-month tenor with monthly interest and bullet repayment at maturity.
Both NCDs are secured, rated, and offer an 11.75% p.a. coupon with a 1.20x security cover on receivables.