Akme Fintrade India Ltd announced plans to issue ₹300 million in NCDs via private placement. The fundraising will support lending operations and strengthen liquidity. NCDs remain a key financing tool for NBFCs, offering investors stable returns.
Akme Fintrade India Ltd (AKMF.NS) announced plans to issue Non-Convertible Debentures (NCDs) worth up to ₹300 million on a private placement basis, according to exchange filings. The move underscores the company’s strategy to strengthen its funding base and diversify capital sources.
Key Highlights
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Fundraising Plan: Akme Fintrade will raise ₹300 million through NCDs, offering fixed-income instruments to institutional investors.
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Private Placement Route: The issuance will be conducted via private placement, enabling quicker access to capital compared to public offerings.
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Strategic Objective: The funds are expected to support lending operations, expand the company’s financial services portfolio, and enhance liquidity.
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Market Context: NCDs remain a preferred instrument for NBFCs to secure long-term funding amid rising credit demand in India’s retail and SME sectors.
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Investor Outlook: Analysts note that such debt issuances can improve balance sheet resilience while offering investors stable returns.
This development highlights Akme Fintrade’s proactive approach to capital management, positioning itself to capture growth opportunities in India’s evolving financial services landscape.
Sources: Reuters, Economic Times, Moneycontrol