💡 Company raised ₹50 crore via NCD issuance for business operations.
What Happened
The Board of Directors of Akme Fintrade (India) Limited approved the allotment of 50,000 Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) of ₹10,000 each. This private placement issuance aggregates to ₹50 crore. The NCDs carry a coupon rate of 11.25% and have a tenure of up to 36 months, with interest payable monthly.
Key Details
- Company: Akme Fintrade (India) Limited
- Event Type: Fundraise
- Filing Date: 20-Apr-2026 12:02:44
- NSE Filing: View Document
Why It Matters
Raising ₹50 crore through NCDs provides Akme Fintrade with fresh capital to support its business operations and lending activities. The funds are secured against loan receivables, and the issuance is proposed to be listed on the NSE. This capital infusion can enhance the company's financial flexibility and capacity for growth in the competitive non-banking financial sector.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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