Richfield Financial Services Eyes Growth with ₹100 Million NCD Issue

Richfield Financial Services Ltd is set to bolster its financial position by raising ₹100 million through Non-Convertible Debentures (NCDs). The company's board is scheduled to meet on February 24, 2025, to consider and approve the issuance of Series III NCDs on a private placement basis. This move comes as part of Richfield's strategy to augment its long-term resources and expand its fund-based business activities. The company, which operates in trading shares, securities, and short-term financing, has shown significant growth recently, with its share price increasing by 252.34% over the past year. This NCD issue is expected to further strengthen Richfield's market position and support its expansion plans.

 

Source: Company Announcement