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Private Equity

Samunnati Financial In Talks To Raise $35M

by posted 1year ago 59 views
Samunnati Financial plans to shore up capital, expand loan book with the funds. : Mumbai: Samunnati Financial Intermediation and Services Pvt. Ltd, a non-banking financial company (NBFC) specializing in loans to farmers and entities engaged in agriculture, plans to raise around ₹250 crore (around $35 million) from private equity (PE) firms as it looks to grow its business, said two people aware of the development. “Samunnati has appointed investment bank Kotak Mahindra Capital to help them raise fresh equity capital and they have initiated talks with various PE firms. They plan to dilute a minority stake through the latest fundraise.

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