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Portea Medical secures commitment from US-based DFC for $7.7 mn loan

The DFC guarantee will enable a local commercial bank in India to extend the equivalent of a Rs 52 crore loan to Portea

Topics
Portea Medical | loans

BS Reporter  |  Mumbai 



Meena Ganesh, co-founder, MD & chairperson, Portea Medical
Meena Ganesh, co-founder, MD & chairperson, Portea Medical

Out-of-hospital consumer healthcare company has secured a commitment from the US International Development Finance Corporation (DFC) for a $7.7 million loan. This loan under local currency guaranty facility will assure repayment of a rupee-denominated loan to be issued by a local commercial bank in India.

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First Published: Thu, September 30 2021. 13:24 IST

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