New Delhi, July 21 -- Equitas Small Finance Bank declares raising of Rs.500 crore fund via NCDs with 50% green shoe option

The board of Equitas Small Finance has approved the issuance of non-convertible debentures (NCDs) worth up to Rs.500 crore through private placement.

The proposed issue will consist of up to 50,000 rated, listed, unsecured, redeemable, fully paid-up subordinated NCDs, each having a face value of Rs.1 lakh. These debentures will be categorized as Lower Tier II Capital in line with Basel II capital adequacy norms.

The total issue size includes a green shoe option of up to 25,000 NCDs, amounting to Rs.250 crore, allowing the company to raise additional funds depending on investor demand.

The issuance will be done in ...