💡 Company raised ₹50 Cr via NCD issuance for business expansion.
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, 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, with interest payable monthly and principal at maturity. 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 12:00:12
- NSE Filing: View Document
Why It Matters
This ₹50 Crore fundraise through NCDs provides Akme Fintrade with significant capital for business operations and potential expansion. The successful placement of these debentures demonstrates investor confidence in the company's credit profile and future prospects. The funds will strengthen the company's balance sheet and support its lending activities in the housing finance sector, potentially leading to increased business scale and improved financial performance.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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