Ujjivan Financial raises Rs 225 crore through NCDs

Ujjivan Financial Services has raised Rs 225 crore by issuing non-convertible debentures (NCDs) on a private placement basis.

The NCDs are proposed to be listed on BSE and the company has received in-principle approval for the aforesaid NCDs, it said in a regulatory filing.

The tenor of the NCDs is of two years and maturity date is November 16, 2018, it added.

It will attract interest rate of 9.65 per cent per annum, wherein the interest will be paid semi-annually.

The paid-up capital of the company has increased from Rs 118.56 crore to Rs 118.68 crore, the company said.

Shares of the company closed 0.84 per cent up at Rs 352.30 on BSE today.