Navi Finserv Eyes Rs 500 Cr Through Non-Convertible Debentures Public Issue

  • Financial services company Navi Finserv is raising up to Rs 500 crore via secured, redeemable non-convertible debentures (NCDs) issue.
  • The public NCD offering allows investors a choice of five investment options with varying durations, and the distributions vary among investor categories.
  • Navi Finserv reported a 31% revenue growth with a profit of Rs 22.91 crore in Q1 FY23, reversing the prior quarter’s loss.
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