The board of Golden Goenka Fincorp in its meeting on 25 July 2012 has approved the issue of 250000 rated, secured, taxable, redeemable non-convertible debentures of face value of Rs 1000 each, aggregating to Rs 25 crore with an option to retain 100% oversubscription aggregating to Rs 50 crore on private placement basis during the financial year 2012-2013.