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Akme Fintrade (India) is currently trading at Rs. 114.45, up by 2.85 points or 2.55% from its previous closing of Rs. 111.60 on the BSE.

The scrip opened at Rs. 110.00 and has touched a high and low of Rs. 115.00 and Rs. 110.00 respectively. So far 2475 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 134.70 on 27-Jun-2024 and a 52 week low of Rs. 93.05 on 19-Jul-2024.

Last one week high and low of the scrip stood at Rs. 120.50 and Rs. 110.00 respectively. The current market cap of the company is Rs. 488.42 crore.

The promoters holding in the company stood at 41.57%, while Institutions and Non-Institutions held 8.92% and 49.51% respectively.

Akme Fintrade (India) has entered into a strategic co-lending partnership with MAS Financial Services to provide MSME loans. This collaboration is aimed at enhancing credit access to the underserved MSME sector through a seamless digital lending platform. 

Under this co-lending model, the company will bear 20% of the loan exposure, while MAS Financial will take on the remaining 80%. The platform ensures a fully digital loan sanction process, covering the entire loan lifecycle from customer onboarding to disbursement and monitoring without the need for manual intervention, making loan approvals and processing faster and more efficient.

Akme Fintrade (India) is a non-banking finance company (NBFC) incorporated in the year 1996 registered with the Reserve Bank of India as a Non-systemically important non-deposit taking company with decades of lending experience in rural and semi-urban geographies in India.