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In Brief
Friday, 22 January 2021 18:48 Private equity / VC
Jumbotail, a business-to-business e-commerce marketplace for food and grocery products, has raised $14.2 million in fresh funding led by VII Ventures, bringing to a close the company’s $44 million Series B round.
NBFCs expect continued liquidity stimulus in Budget 2021
To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS)
PTI | January 21, 2021 | Updated 09:24 IST
Cyril Amarchand Mangaldas partner L Viswanathan said in the recent years, NBFCs that are important intermediaries of credit have faced concerns of liquidity, governance and solvency and it is hoped that the Budget will ease some of the pressures
Non-banking finance companies expect the government to provide continued liquidity support by encouraging banks to lend more to the sector, setting up a permanent refinance window and relaxing external commercial borrowing norms in the upcoming Budget. The government will present the Budget for fiscal 2021-22 on February 1, 2021.
To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS).
Read more about NBFCs seek continued liquidity support in upcoming Union Budget on Business Standard. Non-banking finance companies expect the government to provide continued liquidity support by encouraging banks to lend more to the sector
Mridul Kumbalath as a partner in its real estate practice.
The 2008 Nuals Kochi graduate primarily advises developers, real estate lenders, corporates and funds, advising on pan-India real estate acquisitions, leases, securities, special economic zones regulations, agricultural land regulations and construction and development, according to the firm’s press release.
Cyril Amarchand Mangaldas managing partner Cyril Shroff commented: “We wish him all success.”
He takes
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Partner and Trilegal board member Saurabh Bhasin commented in a press release: “Mridul is a top-rated lawyer with strong client connects both regionally and nationally and we are absolutely delighted to have him join our formidable real estate practice.”