Supra Pacific Financial Services Ltd has approved issuing secured NCDs worth ₹100 million, with a minimum subscription of ₹10 million. The move targets institutional investors, strengthens the balance sheet, and supports lending growth. With assets up 84% year-on-year, the NBFC is reinforcing its expansion strategy in India’s financial services sector.
Supra Pacific Financial Services Ltd (SPFSL), a fast-growing non-banking financial company (NBFC), announced that its Board of Directors has approved the issuance of secured, unrated, unlisted Non-Convertible Debentures (NCDs) aggregating up to ₹100 million (₹10 crore). The decision reflects the company’s proactive approach to diversifying funding sources and ensuring long-term capital stability.
Key Highlights
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Board Approval: The board cleared the proposal to issue secured NCDs with a minimum subscription threshold of ₹10 million, targeting larger investors.
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Strategic Purpose: The fundraising will help strengthen the balance sheet, support lending operations, and fuel asset growth, aligning with the company’s expansion strategy.
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Investor Focus: By setting a higher minimum subscription, the company aims to attract institutional and high-net-worth investors, ensuring stability in its debt profile.
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Growth Context: Supra Pacific has reported strong momentum, with assets growing nearly 84% year-on-year to ₹297.3 crore, underscoring its robust trajectory in the NBFC space.
This move highlights Supra Pacific’s commitment to capital efficiency and sustainable growth, positioning it as a dynamic player in India’s financial services sector.
Sources: ScanX News, BSE Corporate Filing, MoneyWorks4Me