Akme Fintrade Issues ₹50 Cr NCDs

Akme Fintrade (India) Limited announced the approval for the issuance of Non-Convertible Debentures (NCDs) worth up to INR 50 Crores. The issuance, comprising Series A1 and Series A2, will be done on a private placement basis. The NCDs are listed, rated, senior, secured, transferable, and redeemable. The company has outlined terms for payment defaults, breach of covenants, and delays in security creation, including additional interest rates. This move aims to raise capital through debt financing.