Magma Fincorp Limited announced Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") read together with Para A of Part A of Schedule III of the Listing Regulations, and pursuant to the approval of the Board in its meeting dated 31 January 2020 approving the overall limit for issuance of debt securities, the company announced that the duly authorized Management Committee of the Board of directors of the company, at their meeting held on 12 November 2020, have approved the allotment of 1000 Nos. secured, redeemable, non-convertible debentures of the face value of INR 10,00,000 each, aggregating to INR 1,000 million on private placement basis.