Investment7 April 2026 at 11:17 am
Akme Fintrade (India) Ltd. Announces Issuance of Non-Convertible Debentures Up to INR 50 Crores
AI Summary
Akme Fintrade (India) Limited has approved the issuance of Senior, Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) up to INR 50 Crores on a private placement basis to eligible investors. The NCDs are proposed to be listed on the National Stock Exchange of India Limited. The tenure, coupon/interest, and principal payment details will be specified in the key information document. The company will maintain a minimum security cover of 1.10x over loan receivables. In case of any default or breach of covenants, the company will pay an additional interest rate or penalty.
Key Highlights
- Issuance of NCDs up to INR 50 Crores
- Private placement to eligible investors
- Proposed to be listed on National Stock Exchange of India Limited
- Minimum security cover of 1.10x over loan receivables
- Additional interest or penalty in case of default or breach