Microfinance

Equitas to raise 10 bn rupees via debt, equity

MUMBAI: Start-up firm Equitas Micro Finance India (P) Ltd plans to raise close to 10 billion rupees through a mix of equity and debt to help expand  its micro-lending business, a top official said on Friday.

equitas ncd issue

The company, which raised 500 million rupees worth of private equity funds in August, plans to raise around 4 billion rupees via debt by March and another 6 billion rupees through equity by January, Managing Director, P.N. Vasudevan said.

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Abhay N

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Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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