RPTs with Tata Steel to rise to Rs 12,000 cr
Company to benefit from infusions by the Tata group and planned IPO, says rating agency
Tata's Financial Services arm plans to launch NCDs as demand for retail loan rises
As per banking source, of the Rs 8,000 crore, the company will raise debentures qualifying as subordinated debt, or Tier II capital, of up to Rs. 500 crore
FinAGG Technologies, engaged in MSME financing space, has raised USD 11 million (over Rs 91 crore) in a funding round co-led by global impact investment manager BlueOrchard and Tata Capital Ltd. The Series A funding round also saw participation from the Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partners, a release said on Thursday. Additionally, FinAGG secured capital from Gray Matter Capital through Non-Convertible Debentures (NCDs) to empower women entrepreneurs financially. The latest funds infusion will be directed towards expanding FinAGG's offline and online presence, enhancing global outreach, and driving product innovation, it added. "The money that we have raised will go into bringing disruptive changes in this industry. Our Product and Engineering department is currently working on bringing blockchain to an industry which worked on conventional pen and paper underwriting until recently. These new features will help us look at .
The company, which works in the MSME financing space, said the latest funding will be utilised towards expanding its offline and online presence, global outreach and investments in product innovation
Rare Rabbit was started in 2015 by an Indian family-run company Radhamani Textiles, and sells shirts, jeans, jackets and sneakers that are priced as low as $20 and all the way up to the high-end range
This investment would be made out of the second fund (TCHF II), which has a corpus of about $130 million
Umesh Revankar, Rajiv Sabharwal, Rakesh Singh: Meet the NBFC experts of BS BFSI Summit 2023
To open over 60 standalone Dialysis centres in the country
The Non-Banking Finance Company (NBFC) anticipates a period of consistent, market-leading growth across its segments
"If credit is expected to grow at around 15%, we will try to grow our AUM (assets under management) by more than 25%. Our liabilities will have to match that"
Nabard, Tata Capital, Mahindra Finance to tap into market
Tata Capital is getting aggressive in the retail loans segment and the majority of funds raised this quarter will be for home loans and personal loans, according to a banker
The boards of TCFSL and TCCL have also accorded their approval
MOC, a unit of Cellcure Cancer Center Pvt Ltd, plans to utilise the newly infused capital to expand across India in next 18 months, the company said in a statement
Offer document open to scrutiny only by regulator, exchanges; the Walt Disney Company-led firm eyeing a Rs 3,000-crore IPO
Loans to be offered to both retail and developers; funds being raised amid 13% expansion in loan portfolio over six months to September
'We can't be direct lenders because there are limitations', said Sabharwal
TataNeu helps company to onboard new customer