Equitas Fin raises Rs 100 crore through NCD

Written By Unknown on Selasa, 03 Maret 2015 | 10.56

NBFC firm Equitas Finance on Tuesday said it has raised Rs 100 crore through an NCD issue on private placement basis.

NBFC firm Equitas Finance on Tuesday said it has raised Rs 100 crore through an NCD issue on private placement basis.

Equitas Finance had issued non-convertible debentures which was subscribed by Franklin Templeton Mutual Fund.

"Equitas has developed expertise in lending to the largely excluded segments such as used commercial vehicles being bought by driver turning owner and also micro SME for the very small and largely informal entrepreneur s.

"The trust and support reposed by the marquee institutional investors like Franklin Templeton would go a long way in achieving our growth plans," Equitas Group's S Bhaskar said in a statement. IFMR Capital was the sole arranger for this issue.


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