Announced Fri, 3 Jul · 12:06 IST
Akme Fintrade to issue NCDs worth up to Rs 25 crore on private placement
Fund Raising View source PDF
AFIL · price
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Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹10.35
prior close
₹10.35
base price
In-mkt
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AI summary
Akme Fintrade (India) Ltd has approved issuance of listed, rated, senior, secured, redeemable Non-Convertible Debentures up to Rs 25 crore via private placement in one or more tranches. The NCDs are proposed to be listed on NSE. The company will maintain a minimum 1.10x security cover over loan receivables. Coupon rate and tenure details are to be specified in the key information document.
Likely market impact
NCD issuance will help the NBFC raise capital for lending operations. Since these are debt instruments, there is no equity dilution for shareholders.