Stashfin parent AKARA Capital lists first Rs 10,000 face value NCDs on BSE

In a recent development in India’s fintech sector, Stashfin, a financial services platform, announced on Wednesday, September 11, that its parent company, AKARA Capital Advisors Pvt Ltd, has become the first fintech NBFC to list Non-Convertible Debentures (NCDs) with a face value of Rs 10,000 on the Bombay Stock Exchange (BSE).

This marks a significant development following a regulatory amendment by Securities and Exchange Board of India (Sebi) in July 2024, which reduced the minimum face value of debt securities from Rs 1,00,000 to Rs 10,000, broadening investment opportunities for retail investors across India.