AKARA Capital 1st Fintech To Launch Ncds At Rs 10,000

New Delhi: Financial services platform Stashfin on Wednesday said its parent company AKARA Capital Advisors has become the first fintech NBFC to offer Non-Convertible Debentures (NCDs) at a face value of Rs 10,000 on BSE, as it aims to raise Rs 100 crore through the bond issuance.

This offering follows a recent regulatory amendment by market regulator SEBI in July, which lowered the minimum face value of debt securities from Rs 1,00,000 to Rs 10,000, enhancing financial inclusion and accessibility for retail investors across the country, it said.

“Through this bond issue, the company aims to raise Rs 100 crore over the next quarter. This milestone reflects Stashfin’s role as the first fintech company to democratise investment opportunities for retail investors,” Stashfin said in a release.