Raama Finance Debt & Borrowing: ₹5 Cr
Raama Finance approved issuance of ₹5 Crore NCDs (18-month, 20% PA) via private placement. The board also appointed Mr. Jitendar Prasad as CEO effective September 22, 2026.
- Value
- ₹5.00 Cr
- Execution
- 18 months
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Raama Finance approved issuance of ₹5 Crore NCDs (18-month, 20% PA) via private placement. The board also appointed Mr. Jitendar Prasad as CEO effective September 22, 2026.
Raama Finance Ltd entered into a term loan agreement with Mufin Green Finance Limited for ₹5 Crore. The loan is intended for onward lending purposes.
Raama Finance Limited (formerly Ramchandra Leasing and Finance Limited) confirmed it does not qualify as a 'Large Corporate' for FY 2025-26 under SEBI norms. The company reported outstanding borrowings of ₹3.00 Crore as of March 31, 2026. Consequently, mandatory incremental borrowing requirements through debt securities are not applicable.