Investment management firm Creation Investments, along with some other firms, provided equity capital of Rs 53.20 crore to the Bangalore-based microfinance institute Grameen Financial Services, popularly known as Grameen Koota. Other firms that provided the funding include specialised fund management company Incofin and social venture capital fund
Tag: NCDs
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Firms raise more capital through NCDs
Reports indicate that companies raised more than Rs 35,000 crore through issue of non-convertible debentures (NCDs) in 2012, which is higher than the Rs 12,753 crore garnered in the preceding year. Recently, HDFC issued Rs 250 crore NCDs with a green shoe option to raise another Rs 250 crore.The mortgage lender raised the amount to meet general corp
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NBFCs prefer raising funds via NCDs
Reports suggest that more and more companies are raising funds through non-convertible debentures (NCDs) in order to fund their expansion plan.
NCDs seem to be emerging as a preferred fund-raising option for companies, especially those from NBFC space, reports