💡 Company raised ₹50 Cr via NCD issuance for business expansion, providing growth capital.
What Happened
Akme Fintrade (India) Limited's Board of Directors approved the allotment of 50,000 Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) of ₹10,000 each, aggregating to ₹50 Crores on a private placement basis. The NCDs carry an interest rate of 11.25% and have a tenure of up to 36 months, maturing on April 20, 2029. The funds were raised through a private placement to eligible investors.
Key Details
- Company: Akme Fintrade (India) Limited
- Event Type: Fundraise
- Filing Date: 20-Apr-2026 12:03:37
- NSE Filing: View Document
Why It Matters
This ₹50 Crore capital raise provides Akme Fintrade with significant funds for business operations and potential expansion. For a non-banking financial company (NBFC), access to capital is crucial for lending activities and growth. The successful placement of NCDs indicates investor confidence and strengthens the company's balance sheet, enabling it to pursue new opportunities and enhance its market position in the financial services sector.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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