Mumbai, Feb. 27 -- Prachay Capital, an RBI-registered Non-Banking Financial Company - Investment and Credit Company (NBFC-ICC), has announced the public issue of its Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) to raise up to Rs 100 crore. The issue consists of 10 lakh Secured NCDs of the face value of Rs 1000 each.

The base size issue is Rs 50 crore, with an option to retain over-subscription up to an additional Rs 50 crore (Green Shoe Option) aggregating up to Rs 100 crore.

The issue is scheduled to open on 28 February 2025 and close on 13 March 2025, with an option of early closure or extension.

There is 1 series of NCD carrying fixed coupon of 13% and tenure of 5 year with monthly interest payment option.

An effect...