Board Meeting10 Oct 2026, 03:29 pm
Akme Fintrade Approves NCD Issuance Up To ₹300 Cr
AI Summary
Akme Fintrade (India) Limited announced that its Board of Directors, in a meeting held on October 10, 2026, approved the issuance of Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) up to INR 50 Crores in "Series A1" and "Series A2" on a private placement basis. The Board further authorized the Loan & Investment Committee to determine the quantum, timing, and terms for NCDs up to INR 300 crore. Details regarding the issuance, including tenure up to 24 months and security cover requirements, were provided.
Key Highlights
- Board approved issuance of NCDs up to INR 50 Crores.
- Loan & Investment Committee authorized for NCDs up to INR 300 Cr.
- NCDs will be Secured, Listed, Rated, Transferable, and Redeemable.
- Issuance will be on a private placement basis.
- Debentures have a tenure of up to 24 months.
Price Impact
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