Five-Star Business Finance Limited has approved the issuance of Non-Convertible Debentures (NCDs) worth ₹4,000 crore through private placement, the company announced in a regulatory filing.
The decision was taken at the board meeting held on March 17, 2025, and the issuance will take place in one or more tranches over time. The NCDs are expected to be listed, and the designated stock exchange will be disclosed at the time of allotment.
Key details such as the tenure, coupon rate, security charge, and payment schedule will also be shared upon allotment.
The move aligns with Five-Star Business Finance’s strategy to strengthen its capital base and expand its financing capabilities.
The board meeting commenced at 10:00 AM and concluded at 1:00 PM on Monday, March 17, 2025.
Disclaimer: This information is based on official filings and does not constitute investment advice. Investors should conduct their due diligence before making financial decisions.
