Board allotted 50,000 secured listed rated NCDs aggregating Rs 50 Cr — Series A1 Rs 25 Cr at 11.40% for 24m to Oct 2028 and Series A2 Rs 25 Cr at 11.60% for 30m to Apr 2029. Closes recent approval for same-series NCDs within days; repeats prior coupon-tenure-cover structure — routine follow-through in ongoing debt-funded scale-up with further issuance headroom. Adds leverage with monthly payouts and 1.10x cover over loan receivables; NSE listing, security perfection and use of proceeds not yet disclosed.
Akme Fintrade Board Approves Rs50 Crore NCD Issuance With Rs300 Crore Mandate
Akme Fintrade To Consider ₹350 Crore Secured NCD Issue October 10
Akme Fintrade Allots ₹50 Crore Secured NCDs Across Two Series
Akme Fintrade Approves ₹50 Crore Private-Placement NCD Issue
Akme Fintrade Receives ₹15 Crore Loan Sanction From Tourism Finance Corporation