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NBFC INDEL MONEY
Indel Money appoints investment banker Lincoln International to raise $30-40 million ahead of IPOIndel Money, a gold-loan NBFC, appointed Lincoln International to raise $30-40 million from PE funds. This funding supports growth initiati...- Indel Money reports 52% growth in Assets Under Management and 10% profit increaseIndel Money, a gold-loan NBFC, reports strong growth. Assets under management increased by 52%. The company's AUM reached Rs 2,400 crore. P...
- Indel Money's NCD issue oversubscribed 1.5 times, attracting Rs 117.38 croreIndel Money's NCD issue, offering a yield up to 13.44%, was oversubscribed 1.5 times, attracting bids worth Rs 117.38 crore. The issue, whi...
- Gold loan NBFC Indel Money opens new NCD issue: Up to ₹150 crore on offer with attractive returnsIndel Money launches its fifth public issue of secured NCDs, offering a base amount of Rs 75 crore with an option to retain oversubscriptio...
- Indel Money doubles profit & eyes continued growth in gold loan marketIndel Money, a gold loan NBFC, has reported a significant rise in profit and revenue for FY24. Profit doubled to Rs 55.75 crore from Rs 29....
- Kochi-based NBFC Indel Money to raise upto Rs 200 crore through NCDsNCDs proposed to be issued under this Issue are rated as BBB+/Stable ratings by Crisil. It indicates a moderate degree of safety regarding ...
- Indel Money Q1 Results: Profit jumps 63% QoQ to Rs 21 croreThe company's AUM (asset under management) grew 61% year-on-year during the same quarter to Rs 1294.44 crore. The annual disbursement rate ...
- Gold loan NBFC Indel Money looks to strengthen presence in western, central IndiaIn FY23, Indel Money witnessed an unprecedented over 250 percent growth in disbursement compared to that of FY22. The company disbursed loa...
- Indel Money announces 3rd tranche of NCDs to raise up to Rs 100 crGold loan non-banking finance company Indel Money has announced its third tranche of public issue of Secured NCDs with the face value of Rs...
- Gold loan companies stop issuing ₹2,000 notesThese non-banking financial companies (NBFCs) said they continue to accept ₹2,000 notes, but are seeking KYC (know your customer) details a...
- MediBuddy expands healthcare offerings, partners with gold loan NBFC Indel MoneyThis partnership will provide Indel Money Gold customers with access to a range of healthcare services, including unlimited general physici...
- Indel Money forays into personal loan segmentInitially, the facility will be available to its existing gold loan customers, the company said. It will later be expanded to a broader seg...
- Indel Money announces 2nd tranche of public issue to raise up to Rs 100 croreThe NCDs are for a tenure of 366 days to 77 months with a coupon yielding up to 11.5 per cent per annum. Umesh Mohanan, executive director ...
- Indel Money in talks to divest 15% stake and raise Rs 400 croreThe NBFC is aiming to double its gold loan portfolio by 2022-23 from that of 2020-21, banking on sustained economic recovery, subsequent gr...
- Indel Money enters partnership with IndusInd Bank to offer gold loans at competitive ratesUnder the co-lending partnership, Indel Money will originate and process gold loans based on mutually formulated credit parameters and elig...
- IndusInd Bank inks gold loan co-lending pact with Indel MoneyWhile IndusInd Bank will take into its book 80 per cent of the gold loan generated by the co-lending arrangement, the remaining 20 per cent...
- NBFC Indel Money to launch maiden Rs 150 cr NCD in SeptemberThe NBFC is also in talks with private equity (PE) funds to divest 15 per cent stake as it charts out a faster growth trajectory by enterin...
- Indel Money in talks with PE players to divest 15 percent for Rs 140 croreWith the divestment, the company aims to lay out a faster growth trajectory by entering new markets in FY22 and going for an eventual publi...
- Crisil upgrades Indel Money's credit ratingThe rating of Indel Money on the short-term scale has also been upgraded to ‘A3 Plus’ from ‘A3 minus’.
- Indel Money to have pan-India presenceIndel Money Pvt. Ltd. , the NBFC with strong presence in Kerala and Tamil Nadu, plans to increase its visibility by rolling out 700 branche...
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