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Centrum MicroCredit buys Altura Financial with its Rs 100-crore loan

Jaspal Bindra, executive chairman of Centrum, had earlier stated that its complete book is funded by term-loans from banks and the firm has not taken and commercial paper money or raised debentures

BS Reporter 

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Centrum MicroCredit has signed an agreement to acquire Altura Financial Services, with a loan portfolio of Rs 100 crore. This is the second acquisition by Centrum after it acquired L&T Finance’s supply chain finance portfolio of Rs 650 crore in September last year. Jaspal Bindra, executive chairman of Centrum, had earlier stated that its complete book is funded by term-loans from banks and the firm has not taken and commercial paper money or raised debentures.


First Published: Fri, November 01 2019. 03:48 IST
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