Mangal Credit & Fincorp Seeks Debt Raise—Board to Consider Fundraising Proposal on June 24

Mangal Credit and Fincorp Ltd. announced that its Board of Directors on June 24, 2025, will consider approving a proposal to raise funds through debt instruments, according to a regulatory filing. The company would most probably consider non-convertible debentures (NCDs) or other structured debt vehicles, subject to regulatory and shareholder approvals.

 

This is part of a bigger strategy by Mangal Credit to expand its lending capacity, primarily in the SME lending and retail business. The company has been expanding its footprint in Maharashtra and Gujarat, and the planned increase in capital is likely to be utilized to finance loan book expansion and augment liquidity buffers.

 

Key Points:

This step reflects Mangal Credit's plans to grow business responsibly in the context of increasing credit appetite in Tier-II and Tier-III markets.

 

Source: Economic Times – Mangal Credit Board Updates | Mint – Board Meeting Tracker