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Arman Financial Services’ arm raises Rs 66.3 crore of debt capital

24 Mar 2020 Evaluate

Arman Financial Services’ wholly-owned subsidiary -- Namra Finance has raised Rs 66.3 crore of debt capital from MUDRA, and the IIV Mikrofinanzfonds, Germany (external commercial borrowing). The company has borrowed Rs 25 crore from MUDRA at a 6.4% rate of interest, on March 17, 2020. (Tenure: 2 years) and Rs 41.3 crore borrowed from IIV Mikrofinanzfonds, Germany at a 12.0% rate of interest (inclusive of hedging cost), on March 16, 2020. This loan is fully hedged, and has tenure of 3 years with a bullet repayment structure.

Arman Financial Services is a category A non-banking finance company. The main objects of the company consist of providing a wide spectrum of financial services in both Fund based and Non Fund Based activities which includes term loans, collateral free credit, other forms of credits, thrift and savings and insurance.

 

Arman Financial Serv Share Price

1552.95 1.10 (0.07%)
17-Apr-2026 16:59 View Price Chart
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