Investment25 Feb 2026, 12:02 pm
Finkurve Financial Services Ltd. to Raise Rs. 50 Crores through Non-Convertible Debentures
AI Summary
Finkurve Financial Services Ltd. has approved the raising of funds up to Rs. 50,00,00,000/- through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis via Electronic Bidding Platform. The NCDs, each with a face value and issue price of Rs. 1,00,000, will be secured by a first-ranking charge over certain identified receivables of the company. The tenure of the instrument is 24 months from the Deemed Date of Allotment, with a coupon rate of 12% and bullet payment on maturity.
Key Highlights
- Finkurve Financial Services Ltd. to raise funds through Non-Convertible Debentures
- Funds up to Rs. 50,00,00,000/- to be raised
- NCDs to be secured by a first-ranking charge over certain identified receivables
- Coupon rate of 12% with bullet payment on maturity
- Tenure of 24 months from the Deemed Date of Allotment