Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Actis To Set Up Nbfc, Invest $220m Over Next Five Years
Private Equity

Actis To Set Up Nbfc, Invest $220m Over Next Five Years

by livemint.com posted 7months ago 19 views
Actis plans to fund the NBFC platform with up to $220 million of equity capital over a five-year period. : Mumbai: UK-based private equity firm Actis is setting up a non-banking financial services company (NBFC)—Profectus Capital—that will lend to small and medium enterprises, the PE firm said in statement. The PE fund is backing a team led by former CEO of Reliance Commercial Finance K.V. Srinivasan. Profectus Capital will exclusively focus on lending to SME businesses operating in a dozen targeted subsectors.

In this article