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Akme Fintrade secures ₹50 crore term loan from Indian Overseas Bank to support lending operations and business expansion.

PRIVATEOct 26, 2026

Amount Raised

₹500 Million

Round Type

Debt Financing

IndiaFinancial ServicesFinanceFintechLendingBanking

Investors

Indian Overseas Bank

Description

Akme Fintrade (India) Limited received sanction for a ₹50 crore term loan from Indian Overseas Bank, as formally communicated to stock exchanges on October 26, 2026. The funding strengthens the non-banking financial company's balance sheet and provides fresh capital for business expansion and working capital requirements. This long-term debt represents a substantial commitment and indicates lender confidence in the company's creditworthiness and operational stability. The term loan diversifies Akme Fintrade's funding sources and reduces dependency on any single lender.

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Company Information

Company

Akme Fintrade (India) Limited

Location

India

About

Akme Fintrade (India) Limited is a financial services company that is planning to issue Non-Convertible Debentures (NCDs) worth up to INR 35.00 crore. The company aims to raise funds that could be utilized for various corporate purposes. It is a listed entity, thus significant financial moves are of interest to investors and market analysts. The company's strategy reflects ongoing dynamics in corporate finance within the Indian market.

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Akme Fintrade (India) Limited raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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