Loan & Debt15 Jun 2026, 12:05 pm
Finkurve Financial Services Approves ₹100 Cr NCD Issue
AI Summary
Finkurve Financial Services Ltd's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis to raise up to ₹100 crore. The NCDs will be rated, listed, senior, secured, redeemable, and transferable, with a tenure of 24 months. The coupon rate is set at 11.33% per annum, payable quarterly. The issuance aims to raise funds via an electronic bidding platform and is scheduled for allotment on June 16, 2026, with maturity on June 16, 2028. The debentures will be secured by a first-ranking charge on identified receivables.
Key Highlights
- Board approved raising ₹100 crore via NCDs.
- NCDs to be issued on private placement basis.
- Coupon rate set at 11.33% payable quarterly.
- Tenure of 24 months, maturing June 16, 2028.
- Secured by first-ranking charge on receivables.
Price Impact
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