Announced Thu, 25 Jun · 12:27 IST
Finkurve board approves Rs 50 Crore NCD issue at 11.55% coupon, key appointments
Fund Raising View source PDF
FINKURVE · price
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Price reaction · full curve 14 horizons · vs prior close
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₹66.74
base price
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AI summary
Finkurve Financial Services board approved raising Rs 50 Crore via 5,000 secured, listed, redeemable NCDs on private placement through the EBP platform. Coupon is 11.55% paid quarterly, tenure about 33 months, maturity April 17, 2029, to be listed on BSE. Board also appointed Raju Bipinkumar Shah as Chief Risk Officer and Husain Mohammed Pittalwala as Compliance Head.
Likely market impact
Rs 50 Crore NCD raise adds secured debt at 11.55% cost; new CRO and Compliance Head strengthen risk and governance functions.