Equitas Small Finance Bank approves up to Rs 500 crore NCDs
Equitas Small Finance Bank’s board approved raising up to Rs 500 crore via rated, listed, unsecured subordinated debentures through a private placement of non-convertible debentures (NCDs) to strengthen its capital base.
Equitas Small Finance Bank’s board has approved raising up to Rs 500 crore through a private placement of rated, listed and unsecured subordinated debentures. The lender said the NCDs will be issued to strengthen its capital base.