Finkurve Financial Services Ltd has approved raising up to ₹350 million via NCDs, aiming to strengthen its capital base and support lending operations. The move underscores its proactive funding strategy, leveraging debt instruments to fuel growth while maintaining investor confidence in India’s dynamic financial services sector.
Finkurve Financial Services Ltd, a diversified financial services company, announced that its board has approved raising up to ₹350 million through Non-Convertible Debentures (NCDs). The decision reflects the company’s intent to bolster its capital structure and ensure adequate liquidity for expansion and operational needs.
Key Highlights
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Fundraising Approval: The board has cleared issuance of NCDs worth ₹350 million, providing long-term funding flexibility.
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Strategic Purpose: The capital raised will be utilized to strengthen the balance sheet, support lending operations, and fuel growth initiatives.
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Instrument Choice: NCDs offer fixed returns to investors and are a preferred route for companies seeking debt capital without diluting equity.
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Market Context: The move comes amid rising demand for structured debt instruments in India’s financial sector, with NBFCs and financial services firms increasingly tapping NCDs for growth.
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Investor Sentiment: Analysts view the approval as a positive step toward sustainable expansion, enhancing confidence in Finkurve’s ability to manage funding requirements efficiently.
This fundraising initiative highlights Finkurve’s proactive approach to capital management and growth financing, positioning it strongly in India’s evolving financial services landscape.
Sources: Moneycontrol, Economic Times, Business Standard