Capital India Finance (CIFL) has issued senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) amounting to Rs 50 crore on a private placement basis. This move is aligned with the company’s strategy to strengthen its funding base and support ongoing business expansion.
The proceeds from the issuance will be utilized for onward lending, refinancing, repayment of existing financial indebtedness and working capital requirements in accordance with the company’s growth and capital planning objectives.
Capital India Finance (CIFL) is a Systemically Important Non-Deposit-Taking NBFC (NBFC-ND-SI) specializing in tailored loan products for MSMEs. It provides, data driven, customized financing solutions for millions of micro, small and medium businesses, traders, and self-employed individuals who may lack access to traditional financial avenues.
