ESAF Small Fin Bk to Wed mull raising funds via NCDs on pvt placement basis
This story was originally published at 18:21 IST on 17 September 2026
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--ESAF Small Fin Bk to Wed mull raising funds via NCDs on pvt placement basis
NEW DELHI – The board of directors of ESAF Small Finance Bank Ltd. will meet Wednesday to consider raising funds by issuing non-convertible debentures through private placement, the company said in an exchange filing Thursday.
"The above issuance, if approved, shall be within the existing borrowings limits under section 180(1)(c) of the Companies Act, 2013 and the overall limits for private placement of debt securities under Section 42 of the Companies Act, 2013, as approved by the shareholders on August 14, 2026," the small finance bank said.
For the June quarter, ESAF Small Finance Bank posted a net profit of INR 800.8 million against a net loss of INR 812.2 million in the year-ago period. Its total income rose nearly 32% on year to INR 13.46 billion. Thursday, shares of the bank closed at INR 38.44 apiece on the National Stock Exchange, down 1.3% from the previous close. End
Reported by Radhika Tiwari
Edited by Avishek Dutta
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