Repco Home Finance raises Rs 200 crore via NCDs

Repco Home Finance on Monday said it has raised up to Rs 200 crore by issuing non-convertible debentures on private placement basis.

The fund-raising plan was approved at the company's Securities Allotment Committee meeting on Monday.

"The Securities Allotment Committee has allotted 2,000 secured redeemable non-convertible debentures (SRNCD) of face value of Rs 10 lakh each aggregating Rs 200 crore on private placement basis," the company said in a regulatory filing.

The NCDs will be listed on the debt market segment of BSE.

The Chennai-headquartered housing loan company was set up in April 2000 to tap the growth potential in the housing finance market.

As of March 2016, the company has 120 branches and 31 satellite centres in Tamil Nadu, Andhra Pradesh, Jharkhand, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Odisha, West Bengal and Puducherry.

Share of the company closed 4.42 per cent down at Rs 813.25 on BSE.