-- Akme Fintrade (India) (NSE:AFIL, BOM:544200) has raised 500 million Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a filing to the Indian stock exchanges on Monday.
The company allotted 50,000 secured, listed, rated, transferable, redeemable, non-convertible debentures of 10,000 rupees each.
The debentures will carry a coupon rate of 11.25% per annum and are scheduled to mature on April 20, 2029. They are proposed to be listed on the National Stock Exchange of India.