ESAF Small Finance Bank to raise funds through Bonds issuance
The Thrissur-headquartered SFB has announced to raise the funds by issuing Tier II Bonds cumulatively to generate around Rs 135 crores.
![ESAF Small Finance Bank to raise funds through Bonds issuance](https://www.psuconnect.in/sdsdsd/esaf_small_finance_bank.jpg)
According to the exchange filing of the company, it is stated that In according to Regulations 30 and 51 read with Schedule Ill of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is confirmed that, the Board of Directors of the Bank, in its meeting held on Friday, March 08, 2024, has considered and approved the proposal to raise funds by way of issuance of Listed, Rated, Taxable, Unsecured, Transferable, Redeemable, Fully Paid-Up, Basel II Compliant Lower Tier II Subordinated Bonds in the form of Non-Convertible Debentures (Tier II Bonds), aggregating upto Rs. 135 Crores (One Hundred and Thirty-Five Crores) on a Private Placement basis.
Read Also : R.K. Chaudhary, CMD, NHPC met Chowna Mein, Hon’ble Dy. CM, Arunachal PradeshESAF Small finance Bank is an Indian Small finance bank located in Thrissur, Kerala, providing banking services and small loans to the underbanked. It received RBI approval to operate as a scheduled bank in December 2018. On 26 March 2020, the bank received approval from SEBI for issuing its Rs 976 crore initial public offering.
Read Also : State Coal Minister inaugurates new solar plant at CCL’s Piparwar AreaNews Must Read
- Petroleum Minister Hardeep S Puri Highlights India’s Bioenergy Progress
- NBCC bags orders worth Rs. 182.50 Crore
- OMCs increases price of 19 kg commercial LPG cylinder by Rs 39
- HUDCO Issues Record Date For Dividend, Shares Rise 118% YTD
- NTPC Bongaigaon to Support TB Eradication Efforts; Partners with District Administration, Kokrajhar
- Solar Energy Corporation of India Ltd (SECI) attains Navratna Status
- Dr D K Sunil Takes Over as CMD (Additional Charge) of HAL
- DVC bags Champions Trophy for Corporate Sustainability at XLRI, Jamshedpur
- Minister Pralhad Joshi Visits IREDA Office, Reviews Company’s Strategic Growth Plan
- HAL Selects SAFHAL Helicopter Engines to Develop and Produce ‘Aravalli’ Engines