Finkurve to raise ₹50 crore via NCDs in private placement

Finkurve Financial Services Limited's board of directors approved raising up to ₹50,00,00,000 through the issuance of non-convertible debentures (NCDs) on a private placement basis. This decision was made at a board meeting held on November 24, 2025. The NCDs will be issued via an electronic bidding platform, adhering to SEBI regulations.

The NCDs will be issued in two series: Series A for ₹20,00,00,000 with a two-year tenure, and Series B for ₹30,00,00,000 with a three-year tenure. Both series have a face value and issue price of ₹1,00,000 each. Series A will offer a coupon rate of 11.15% per annum, while Series B will offer 11.25% per annum, with monthly interest payments starting January 1, 2026.

The NCDs will be secured against the company's receivables, equivalent to 1.10x of the gold loan AUM, covering outstanding principal and interest. The instruments are set to be allotted on November 25, 2025, and will be listed on the BSE Limited.