Laxmi India Finance Ltd Approves Issuance Of NCDs Worth 500 Million Rupees

Company Announcement  
The board of Laxmi India Finance Ltd confirmed the approval of NCDs worth 500 million rupees. This issuance is expected to provide long-term capital, enabling the company to expand its lending operations and enhance liquidity.  

Strategic Purpose  
By opting for NCDs, the company seeks to diversify its funding sources beyond traditional bank loans. NCDs offer fixed returns to investors, making them attractive for those seeking predictable income, while providing the company with cost-effective financing.  

Market Outlook  
The issuance aligns with Laxmi India Finance’s growth strategy, ensuring adequate resources to meet rising demand in the financial services sector. The move is also expected to strengthen investor confidence and support the company’s long-term expansion plans.  

Key Highlights  

• Board approves NCD issuance worth 500 million rupees  
• Funds to support lending operations and liquidity  
• Diversification of borrowing profile beyond bank loans  
• NCDs offer stable returns to investors  
• Part of long-term growth and expansion strategy  

Conclusion  
Laxmi India Finance Ltd’s approval of NCD issuance reflects its proactive approach to securing capital for growth. By leveraging fixed-income instruments, the company aims to balance investor interests with its strategic expansion goals.  

Sources: Economic Times, Business Standard, Reuters