Finkurve Financial Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2026.
FINKURVE · price
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The Board of Directors of Finkurve Financial Services Limited approved raising up to Rs. 75 crore through a private placement of Non-Convertible Debentures (NCDs) on the Electronic Bidding Platform. The base issue is Rs. 50 crore with a green shoe option of Rs. 25 crore. The NCDs carry a coupon rate of 11.33% payable quarterly, have a tenure of 27 months, and will be listed on BSE Limited. The securities are rated, senior, secured, redeemable, and transferable, secured by a first-ranking charge on identified receivables. Allotment is scheduled for May 14, 2026, with maturity on August 13, 2028.
This NCD issuance will bring additional debt capital to fund the company's lending operations. The 11.33% coupon rate reflects the current cost of borrowing for a smaller NBFC, and shareholders should note this increase in financial leverage. The funds raised support the company's growth in financial services.