Loan & Debt25 Jun 2026, 12:20 pm
Finkurve Financial Services Ltd to Raise ₹50 Cr via NCDs
AI Summary
Finkurve Financial Services Ltd's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) amounting up to ₹50 crore on a private placement basis. The NCDs will have a tenure of 33 months and 19 days, with a coupon rate of 11.55% payable quarterly. The company also approved the appointment of Mr. Raju Bipinkumar Shah as Chief Risk Officer and Mr. Husain Mohammed Pittalwala as Compliance Head. The funds raised will be utilized as per the company's financial needs.
Key Highlights
- Board approves raising ₹50 crore via Non-Convertible Debentures.
- NCDs to be issued on a private placement basis.
- Coupon rate set at 11.55% with quarterly interest payments.
- New appointments: Chief Risk Officer and Compliance Head approved.
- Funds to be raised through an Electronic Bidding Platform.
Price Impact
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