Akme Fintrade India To Consider NCD Issue Worth Rs 2 Billion

Akme Fintrade India Ltd, a leading non-banking financial company (NBFC), has disclosed that its board will meet to evaluate a proposal for raising funds through the issuance of Non-Convertible Debentures (NCDs) worth up to Rs 2 billion. The decision reflects the company’s strategy to enhance liquidity, diversify funding sources, and support growth in its lending operations.  

Key highlights from the announcement include  

• The board will consider issuing NCDs up to Rs 2 billion.  
• The fundraising initiative is intended to strengthen the company’s capital structure.  
• NCDs provide long-term funding stability compared to short-term borrowings.  
• The move aligns with Akme Fintrade’s growth plans in retail and SME lending.  
• Industry experts note that NBFCs are increasingly turning to NCDs to secure cost-effective financing.  
• The issuance will also help diversify the company’s borrowing profile and reduce reliance on bank loans.  
• The proposal underscores Akme Fintrade’s focus on sustainable expansion and financial resilience.  

This development highlights Akme Fintrade India Ltd’s proactive approach to capital management. By considering NCD issuance, the company aims to reinforce its financial base and position itself strongly in India’s competitive NBFC sector.  

Sources: Business Standard, Economic Times, BSE Filings