India, July 25 -- BSE SME-listed Veefin Solutions has received board approval to raise up to Rs.35 Cr via issuance of non-convertible debentures (NCDs).

In a filing with the exchanges, the company said that it will issue up to 3.5 Lakh NCDs, with a face value of Rs.1,000 each. Veefin also said that the debt will be issued in one or more tranches via a private placement.

The company also noted that its board has authorised certain undisclosed persons to determine and finalize the terms and conditions for the fundraise.

". We wish to inform you that the board of directors. has inter alia approved the raising of funds through issuance of non-convertible debentures. for an aggregate amount of up to Rs.35 Cr in one or more tranches or serie...