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Indel Money To Raise Rs.800-1000 Crore Through Debt And Equity

Indel Money, a south India-based non-banking finance company (NBFC), will raise Rs.800-1000 crore through a combination of debt and equity.

The company will raise debt through public issuance of non-convertible debentures (NCDs) of Rs.500 crore in tranches. It will also raise Rs.150-200 crore by securitising its loan book through the issuance of various debt instruments like market-linked debentures, pass-through certificates (PTCs) and Direct assignments. Rs. 100-150 crore by means of credit from various institutions including PSU Banks, NBFCs and Other Financial institutions.

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Gold loan firm Indel Money plans to raise Rs 800-1,000 cr

The south India-based non-banking finance company NBFC said the funds will be utilised for both lending and expansion activities.It plans to raise Rs 500 crore through public issuance of non-convertible debentures. The funding will build a strong foundation for stable growth for us, he added.

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Latest News | Gold Loan Firm Indel Money Plans to Raise Rs 800-1,000 Cr

Gold loan-focussed non-banking finance company Indel Money on Wednesday said it plans to raise Rs 800-1,000 crore through a mix of debt and equity to fund business growth.

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New Delhi, Aug 25 (PTI) Gold loan-focussed non-banking finance company Indel Money on Wednesday said it plans to raise Rs 800-1,000 crore through a mix of debt and equity to fund business growth.
The company said it is in talks with a number of private equity (PE) funds to divest up to a 15 per cent stake.

Indel Money will raise Rs 800-1,000 crore through a combination of debt and equity, it said in a release.

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INDEL MONEY FINANCIAL NEWS IN DHANAM ONLINE

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INDEL MONEY FINANCIAL NEWS IN MATHRUBHUMI ONLINE

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Indelmoney Financial News

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Indel Money launches special gold loan scheme for vaccinated citizens

Offers for a year tenure with 11.5 per cent interest, full loan to value and zero processing fee.
To encourage vaccination against Covid-19, Indel Money has launched a special gold loan scheme with attractive interest rates for vaccinated citizens.

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Indel Money launches a low-interest gold loan for vaccinated citizens

Indel Money, a south India-based non-banking finance company (NBFC), has launched a special gold loan scheme with an attractive lower interest rate, Indel Money IFC (Indel Money India Fight Against Corona) exclusively for the vaccinated citizens.

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MSME credit and gold loan companies – lenders of last resort for fund starved small businesses

Commercial lenders are shying away from their primary business as they turn risk averse despite the government and the Reserve Bank of India (RBI) doing whatever it takes to spur credit flow to MSMEs

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