Finkurve Financial Services Announces Board Meeting to Approve Up To Rs 100 Crores Funding through NCD Issuance
Finkurve Financial Services Ltd has scheduled a meeting of its Board of Directors to consider and approve a significant fundraising initiative. The board meeting is set for Monday, June 15, 2026.The primary agenda item for the meeting includes reviewing the proposed raising of funds through the issuance of Non-Convertible Debentures (NCDs). This funding effort aims to raise up to Rs 100 Crores (Rupees One Hundred Crores only).
The fundraising mechanism involves a private placement conducted via an Electronic Bidding Platform (EBP). The company plans to issue these Non-Convertible Debentures with a face value of INR 10,000.
Key details regarding the planned debt issuance are as follows:
| Feature | Detail |
|---|---|
| Instrument Type | Non-Convertible Debentures (NCD) |
| Funding Target | Up to Rs 100 Crores |
| Face Value per NCD | INR 10,000/- |
| Issue Price | INR 10,000/- |
The approval of this fund raising through the issuance of these debentures is expected to help Finkurve Financial Services Ltd meet its growth and operational objectives.
FINKURVE Stock Price Movement
Finkurve Financial Services Limited closed higher today, climbing by 0.94% to settle at ₹62.33. The stock traded within an intraday range of ₹61.20 and ₹65.09, with a volume of 7,290 shares recorded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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