Financial services platform Stashfin’s parent company, AKARA Capital has become the first fintech NBFC to offer Non-Convertible Debentures (NCDs) at a face value of Rs 10,000 on the Bombay Stock Exchange (BSE). This strategic bond issuance aims to raise Rs 100 crore, offering retail investors an accessible investment opportunity.
The initiative follows a significant regulatory amendment by the Securities and Exchange Board of India (SEBI) in July, which lowered the minimum face value of debt securities from Rs 1,00,000 to Rs 10,000. This move by SEBI is designed to promote financial inclusion by enabling greater participation from retail investors across India.
Stashfin stated, “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.” The first tranche, valued at Rs 6.5 crore, was fully subscribed on the retail platform.
Tushar Agarwal, Founder and CEO of Stashfin, praised SEBI’s amendment, calling it a “game-changer” for India’s financial markets. “This development significantly lowers the entry barriers for retail investors and broadens participation in debt securities,” Agarwal noted.
This move marks a pivotal moment in the evolution of India’s financial markets, as fintech players like Stashfin continue to drive financial inclusion and provide secure, diversified investment options.
