Shalibhadra Finance Raises Rs 195 Mn Through Secured NCDs

17 Apr 2026 CW Team

Shalibhadra Finance Limited (SFL) has completed a debt raise of Rs 195 mn through the issuance of secured, rated, and listed Non-Convertible Debentures (NCDs). The issue carries a coupon of 12 per cent per annum and has a two year tenure. Interest will be paid monthly while principal repayments are scheduled on a six monthly basis. The NCDs are rated ICRA BBB minus with a stable outlook and will be listed on the BSE wholesale debt segment.

The managing director indicated that the fundraise is intended to optimise the company’s liability profile and enhance financial flexibility to support lending operations. The proceeds will be deployed to strengthen small ticket asset financing across rural and semi urban markets where the company operates. The company emphasised that the structure supports efficient asset liability management and regular cash flows for investors through monthly coupons. The move was presented as aligned with disciplined growth and long term value creation objectives.

Shalibhadra Finance Limited is a retail focused non banking finance company with operations concentrated in Gujarat, Maharashtra and Madhya Pradesh. The firm maintains a network of over 60 branches offering small ticket financing and customised retail products including new and used two wheelers, four wheelers and property loans. It follows an asset backed lending model with emphasis on risk management and asset quality supported by governance and technology enabled operations. The company reported assets under management of over 2 bn and an active customer base exceeding 0.1 mn.

The NCD issue was structured as secured and listed on the BSE to provide transparency and secondary market access for investors. The company noted investor confidence in its business model and said the issuance will aid in optimising the overall cost of funds. Further enquiries can be directed to the company or its advisor as per the press release.

Real Estate

20 May 2026

WSB Invests in Omaxe for Tier II Expansion

WSB Partners, a real estate-focused investment firm, has invested Rs 750 million in Omaxe Group to support residential plotted developments in Ujjain and Indore.The investment marks WSB’s entry into Tier II markets and reflects growing institutional interest in emerging cities supported by infrastructure growth, improving affordability and rising housing demand.According to the companies, the funding will be deployed primarily as growth capital, with a portion allocated towards working capital and reserves. The investment has been undertaken alongside affiliates of WSB Partners and co-invest..

RAHSTA Awards 2026 Opens for India’s Leading Road Developers

RAHSTA (Roads and Highways Sustainable Technologies & Advancement), Asia’s leading road infrastructure platform, has officially opened nominations for the RAHSTA Awards 2026 under the Road Developers category. The awards will honour companies and organisations that are shaping India’s highway infrastructure landscape through innovation, sustainability, quality execution and efficient asset management.Scheduled alongside RAHSTA 2026 on July 8–9, 2026 at the Jio World Convention Centre, Mumbai, the awards have emerged as one of the most respected recognitions for the roads and highways..

Railways To Sell 10 per cent In PSUs To Raise Rs Two Point Six Two tn

The railway ministry has outlined a plan to sell up to 10 per cent stakes in several public sector undertakings as part of a broader asset monetisation drive. The move is designed to unlock value and generate funds for capital expenditure and network modernisation. The programme targets private participation through offer for sale and minority stake divestments across operating and finance entities. The initiative follows previous asset recycling efforts and seeks to capture market interest for strategic holdings. The target for the exercise is Rs two point six two trillion (tn) to be realised..