Board allots NCDs worth INR 25 Cr at 11.50 percent via private placement
AFIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Akme Fintrade allotted 25,000 secured NCDs of INR 10,000 each, aggregating INR 25 Crores, on private placement basis. The NCDs carry a coupon of 11.50 percent per annum, payable monthly, with principal due at maturity in 24 months (by July 14, 2028). The issue will be listed on NSE and is backed by a 1.10 times security cover on loan receivables. Funds likely to support the company's lending business.
Raises INR 25 Cr at 11.50 percent for 24 months, showing active fundraising but adding interest and principal repayment obligations.