Finkurve Financial Services Limited has informed the Exchange regarding raising of funds by issuance of Non Convertible Debentures'.
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Finkurve Financial Services Limited has informed the stock exchange about its plan to raise funds by issuing Non-Convertible Debentures (NCDs). NCDs are fixed-income debt instruments that pay a fixed rate of interest and need to be repaid on maturity. The announcement does not disclose the issue size, coupon rate, or the purpose for which the funds will be used. Investors will need to wait for further details on pricing and tenure.
Issuance of NCDs means the company is taking on additional debt, which could increase interest costs but also provides capital for business growth or refinancing. Existing shareholders may see some dilution of equity only if the NCDs carry an equity-linked component, which standard NCDs do not.