Akme Fintrade (India) Debt & Borrowing: ₹50 Cr
Akme Fintrade (India) Limited allotted 50,000 Secured, Rated, Non-Convertible Debentures (NCDs) aggregating to ₹50.00 Crore on a private placement basis. The NCDs carry an 11.25% coupon rate and a 36-month tenure. The Board also approved the re-classification of Star Housing Finance Limited from 'Promoter Group' to 'Public' category.
- Value
- ₹50.00 Cr
- Execution
- Upto 36 months