Credent Global Finance Approves ₹500 Million NCD Issue

Credent Global Finance recently approved the issue of Non-Convertible Debentures (NCDs) of ₹500 million by its board. The move is designed to further strengthen the company's capital base and support its growth plans. The NCDs, which are non-equity linked debt instruments, are expected to find favor with investors looking for fixed-income instruments. This move is an indication of Credent Global Finance's faith in its business model and future growth prospects. The company has not made public any concrete information on the interest rates, term, or application of the funds raised from this NCD issue. This move is likely to enhance Credent's financials and fund its growth plans in the competitive finance space.
Source: Credent Global Finance Limited