Transwarranty Finance touches roof on getting nod to raise Rs 65 lakh through NCDs

Transwarranty Finance is locked its upper circuit limit at Rs. 9.42, up by 0.44 points or 4.90% from its previous closing of Rs. 8.98 on the BSE.

The scrip opened at Rs. 9.42 and has touched a high and low of Rs. 9.42 and Rs. 9.01 respectively. So far 15429 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 8.98 on 04-Jan-2022 and a 52 week low of Rs. 2.22 on 08-Apr-2021.

Last one week high and low of the scrip stood at Rs. 8.98 and Rs. 7.41 respectively. The current market cap of the company is Rs. 23.04 crore.

The promoters holding in the company stood at 53.62%, while Non-Institutions held 46.38%.

Transwarranty Finance has received approval for allotment of Secured and Unsecured Redeemable Non-Convertible Debentures (NCDs) under Eighteenth Tranche/Series R/2021-22, amounting to Rs 65 lakh on private placement basis. The unsecured NCDs are in the nature of subordinated debt. The Debenture Issue Committee of the Board of Directors of the Company has vide Circular Resolution dated January, 4, 2022 approved the allotment of the same.

Transwarranty Finance is a full service Financial & Capital Market Services Company, providing a wide range of services to over 1,000 Large, Small and Medium companies and thousands of retail clients all over India, since 1994.

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