Kirloskar's NBFC Arm Raises Over Rs 100 Crore

Publishing Date : June 23, 2020

Author: Saikat Das, ET Bureau

Arka Fincap, a wholly-owned subsidiary of Kirloskar group raised Rs 105 crore by selling bonds, the non-banking finance company said in a release on Tuesday.

The debt securities, known non-convertible debentures in market parlance will be up to three-year maturities. These papers will be listed on the BSE.

"This capital infusion will strengthen our position and build a healthy balance sheet which would further enable us to continue with our journey of providing financial support to our valuable customers," said Amit Gupta, Head - Resources Corporate Finance, Arka Fincap.

"Raising funds during the outbreak of the pandemic depicts the strength," he said.

Link to the article: https://economictimes.indiatimes.com/markets/bonds/kirloskars-nbfc-arm-raises-over-rs-100-crore/articleshow/76526295.cms?from=mdr