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.