Shalibhadra Finance Ltd raised ₹19.50 crore through secured, rated, listed Non-Convertible Debentures (NCDs) with a 12% annual coupon.
The NCDs have a 24-month tenure with monthly interest payments and six-monthly principal repayments, rated ICRA BBB- (Stable).
Proceeds will support lending operations and optimize cost of funds for this rural-focused NBFC with ₹200+ crore AUM.