Indel Money, the flagship company of Indel Corporation and gold loan non-banking finance company has raised Rs 50 crore via first tranche of its principal-protected market-linked debentures (MLDs). Issued on August 30, 2022, through Yubi (formerly CredAvenue), a fintech debt marketplace, the MLDs offer a fixed coupon rate and come with the tenors of 16 and 18 months.
Indel Money plans to raise additional ₹250 crore by issuing the second tranche of the MLDs in Q3FY23 – more