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Akme Fintrade (India) Limited ( (IN:AFIL) ) just unveiled an announcement.
Akme Fintrade (India) Limited has announced the issuance of Non-Convertible Debentures (NCDs) worth up to INR 200 Crores on a private placement basis. This move, approved by the Board of Directors, is aimed at raising capital through senior, secured, listed, rated, transferable, and redeemable NCDs, which will be listed on the National Stock Exchange of India Limited. The issuance is expected to strengthen the company’s financial position and enhance its market presence. Additionally, the company has appointed Mr. Jinit Jain as a new director, further indicating strategic leadership changes.
More about Akme Fintrade (India) Limited
Average Trading Volume: 292,814
Technical Sentiment Signal: Sell
Current Market Cap: 2.97B INR
Learn more about AFIL stock on TipRanks’ Stock Analysis page.