Finkurve Financial Services Ltd Approves Rs 100 Crore NCD Issuance through Private Placement
Finkurve Financial Services Ltd announced that its Board of Directors approved the raising of funds by issuing Non-Convertible Debentures (NCDs). The approval was made following a meeting held on June 15, 2026.The company approved the issue of NCDs for up to Rs 1,00,00,00,000/- (Rupees One Hundred Crores only) via Private Placement conducted through an Electronic Bidding Platform. The debentures are set to be listed on BSE Limited.
The security offering involves a total issue size of one hundred crore. This figure comprises a Base Issue of Rs 50,00,00,000 and a Green Shoe of Rs 50,00,00,000. The debentures are rated, listed, senior, secured, and redeemable.
Key details regarding the NCD issuance were reviewed by the Board. The debentures are scheduled to mature after 24 months from the deemed date of allotment.
A table detailing the financial terms and conditions of the Non-Convertible Debentures is provided below:
| Feature | Particulars |
|---|---|
| Security Type | Rated, Listed, Senior, Secured, Redeemable, Transferable, Non-Convertible Debentures (NCDs) |
| Issuance Method | Private Placement through EBP Platform |
| Total Issue Size | Rs 1,00,00,00,000/- (One Hundred Crores Only) |
| Allotment Date | June 16, 2026 |
| Maturity Date | June 16, 2028 (24 Months from Allotment) |
| Coupon Rate | 11.33% |
| Interest Payment Frequency | Quarterly, commencing September 16, 2026 |
The debentures are secured by a first ranking, exclusive and continuous charge based on the identified receivables, which will be hypothecated in favour of the Debenture Trustee for the benefit of the Debenture Holders.
In terms of default provisions, if there is any delay or non-payment of interest or principal payment for a period exceeding three months from the due date, the applicable rate shall be 2% per annum over and above the Coupon Rate.
The NCD issuance structure includes 100,000 debentures with a Face Value of Rs 10,000 each, set at an Issue price of Rs 10,000 each.
FINKURVE Stock Price Movement
Shares of Finkurve Financial Services Limited are edging higher to ₹64.00 as of 12:08 PM, successfully gaining 0.60% in live trading. The stock has seen a measured volume of 20,491 shares traded during the ongoing market 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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