Centrum Capital Limited (BSE:501150) announced a private placement of secured unrated unlisted redeemable optionally-convertible debentures for gross proceeds of INR 500,000,000 on January 23, 2016. The transaction was approved by the fund raising committee of the board of directors of the company.

On January 29, 2016, the company announced that the debentures will be exchangeable at the option of the investor against the common shares of its subsidiary Centrum Direct Limited.