InCred Finance Bags INR 400 Cr Debt Funding From Morgan Stanley, Others

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SUMMARY

While Morgan Stanley India Primary Dealer pumped in INR 300 Cr, Nippon Life India invested INR 50 Cr.

InCred Finance also raised INR 40 Cr in equity from its parent InCred Holdings Ltd

The capital infusion comes as InCred Finance prepares for an IPO worth INR 4,000 Cr to INR 5,000 Cr, expected later this year

InCred Group’s lending arm, InCred Finance, has raised a debt funding of INR 400 Cr (around $46.8 Mn) from Morgan Stanley, Nippon Life India, among others….



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InCred Finance Bags INR 400 Cr Debt Funding From Morgan Stanley, Others


SUMMARY

While Morgan Stanley India Primary Dealer pumped in INR 300 Cr, Nippon Life India invested INR 50 Cr.

InCred Finance also raised INR 40 Cr in equity from its parent InCred Holdings Ltd

The capital infusion comes as InCred Finance prepares for an IPO worth INR 4,000 Cr to INR 5,000 Cr, expected later this year

InCred Group’s lending arm, InCred Finance, has raised a debt funding of INR 400 Cr (around $46.8 Mn) from Morgan Stanley, Nippon Life India, among others….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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