Navi Finserv plans to raise up to Rs 600 cr via public bond sale

Mumbai: Navi Finserv plans to raise Rs 600 crore via a public bond sale, with an option for a additional subscription of Rs 300 crore. This will be open for subscription from 26th February 2024 onwards.

The bonds will have tenures of 18, 27, and 36 months with effective yields ranging from 10.47% to 11.19% per annum and have been rated ‘stable’ by Crisil Ratings.

“Our long-term focus is on utilising technology and data science capabilities to enhance our customer experience, offering them an integrated ecosystem of financial services, while we also continue to increase reach across India and foray into new product lines”, said Sachin Bansal, CEO of Navi Finserv.


This is the third capital raise by the company in the past two years. They raised approximately Rs. 495 crore in FY 23 and Rs. 481 crores in FY 24. The funds raised through this new bond issue will be used for onward lending, financing, loan repayment and other general corporate purposes.