Baid Finserv Ltd - one of India's leading MSME loans and Vehicles loan provider has approved the proposal of issuance of Non-Convertible Debentures for an amount not exceeding Rs. 250 crore on private placement basic. Company approved the issuance at its 32nd Annual General Meeting (AGM) held on September 7, 2023. The terms and condition of the issue will be decided by the board of directors.
Established in 1991, Baid Finserv Ltd is India's leading vehicle loan and MSME loan provider. As a Non-Deposit Taking NBFC, the company provides Auto Loans, Commercial Vehicle Loans (new & used), MSME Loans, Loan Against Property, and other asset-backed loans. Having a strong focus on serving the underserved, the company has recently expanded its operations into Madhya Pradesh, as well as semi-urban and rural areas of Rajasthan. The core objective of Baid Finserv is to make finance accessible at a reasonable cost while maintaining utmost transparency in all dealings.
