The Board of Directors of Magma Fincorp Limited at its meeting held on 31 January 2020 has approved issuance of debt securities in the nature of non-convertible debt securities that is to say, secured, unsecured, subordinated debentures etc. for the financial year 2020-21 for an amount up to INR 30,000 million subject to necessary approvals and as per the following terms and conditions. Type of issuance is private placement. To be offered to Banks, Pension Funds, Mutual Funds and other entities/individuals including but not limited to Multilateral Development Organization, institutional investors, Foreign Portfolio Investors, financial institutions, companies etc.