Greaves Finance: Leveraging evfin’s expertise in customised automotive financing based on asset lifecycle management and Muthoot Capital s established presence in the financial sector, this partnership aims to facilitate affordable, customised, and convenient financing options for customers looking to purchase electric two-wheelers, the companies said.
Non-banking finance company Muthoot FinCorp has partnered with Veefin Solutions Ltd to launch supply chain finance operations in India. Muthoot FinCorp will utilize Veefin s technology to manage various aspects of supply chain finance, including onboarding suppliers and vendors, underwriting loans, and managing transactions. This partnership aims to enhance customer experience through a seamless process powered by contemporary technology. Muthoot FinCorp s CEO, Shaji Vargese, highlighted the importance of supply chain finance in optimizing working capital for buyers and suppliers, especially for MSMEs.
Muthoot FinCorp plans to raise Rs 300 crore through XVI Tranche III series, which will close on January 25, a release said. The secured NCDs issued under Tranche III have been rated at AA-/ Stable by Crisil and are proposed to be listed on the debt market segment of BSE.
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Muthoot Microfin sold its IPO in the price band of Rs 277-291 per share, with a lot size of 51 shares. The IPO was open for bidding from December 18 to December 20.