Indel Money to raise Rs 500-cr via NCDs

Indel Money, a non-deposit taking non-banking finance company, said it proposes to raise up to Rs 500 crore through public issue of non-convertible debentures (NCDs) of face value of Rs 1,000 each.

The issue opens on August 18 and closes on August 31 with an option of early closure, subject to relevant approvals. Investors may make one or more applications for the NCDs, subject to a minimum application size of Rs 10,000 across all series.