KOLKATA: Indel Money, a non-deposit taking and a non-systemically important non-banking finance company in the gold loan sector, on Thursday announced public issue of secured and unsecured non convertible debentures (NCDs) of face value of Rs 1,000 each. The issue, which opened today, closes on Oct 18 with an option of early closure in case of early over subscription.
Read MoreKolkata: Indel Money, a south India-based non-banking finance company (NBFC), has been recently assigned a rating upgradation to ‘CRISIL BBB/Stable’ from ‘CRISIL BBB-/Stable’ on the long-term bank loan facilities by Crisil Ratings. The rating of Indel Money on the short-term scale has also been upgraded to ‘A3 Plus’ from ‘A3 minus’.
Read MoreKolkata: Indel Money, a south India-based non-banking finance company (NBFC), has been recently assigned a rating upgradation to CRISIL BBB/Stable from CRISIL BBB-/Stable on the long-term bank loan facilities by Crisil Ratings. The rating of Indel Money on the short-term scale has also been upgraded to A3 Plus from A3 minus.
Read MoreKolkata: Indelmoney, a non-bank financial company based in South IndiaNBFC), Recently, the long-term bank loan facility “CRISIL BBB- / Stable” was assigned a rating upgrade to “CRISIL BBB / Stable”. Crisil rating..Evaluation of Indel Money In the short term, it was upgraded from “A3 Minus” to “A3 Plus”.
Read MoreIndel 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.
Read MoreThe 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.
Read MoreIndel 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.
Read MoreNew 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.
Read MoreGold 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.
Read MoreWith more than 2 decades of rich experience in Managing investment verticals with a proven track record of spearheading foreign multi national multi billion conglomerate diversified into portfolios such as Banking investments, Infrastructure construction, Oil And Gas, Power stations, Defence supplies, Manufacturing, trading of minerals, bullion and other commodities across the globe, and currently serving as the Executive Director and CEO of Indel Money Private Limited – Mr. Umesh Mohanan is lauded by AsiaOne Magazine and is going to be recognized with India’s Greatest Leaders 2020-21 Awards.
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