Akme Fintrade (India) Ltd

📈 Akme Fintrade Issues ₹50 Crore NCDs at 11.25% Interest

• Issued 50,000 secured, listed NCDs worth ₹10,000 each

• Total issue size: ₹50 crore (₹50,00,00,000)

• Coupon rate: 11.25% per annum with monthly interest payments

• Maturity date: April 20, 2029

• Minimum security cover requirement: 1.10x maintained throughout tenure

• Additional 2% per annum penalty interest for payment defaults or covenant breaches

• Board approved reclassification of Star Housing Finance Limited from 'Promoter and Promoter Group' to 'Public' category