All Rights Reserved Finance News 2020.
Kirloskar’s NBFC arm raises over Rs 100 crore
Arka Fincap, a wholly-owned subsidiary of Kirloskar class raised Rs 105 crore by selling bonds, the non-banking finance company said in a launching on Tuesday.
The debts securities, known non-convertible debentures in market parlance will likely be up to three-year maturities. These kinds of papers can be listed on the BSE.
“This capital infusion will strengthen our position and make a healthy balance sheet which would more enable us to continue with these journey of providing economical support to our valuable clients,” said Amit Gupta, Head – Resources & Corporate Finance, Arka Fincap.
“Raising funds during the break out of the pandemic depicts the energy,” he said.
Arka is focused on providing organised term financing solutions for you to corporates, real estate & loans to Micro, Small, and Channel Enterprise (MSME) borrowers. This past year, the company commenced operations.