Live Breaking News & Updates on Netafim Agricultural Financing Agency Private Ltd

April 26, 2021
Funds will be utilised to expand horizons in the agri-rural domain
Netafim Agricultural Financing Agency Private Ltd (NAFA), an agri-focused non-banking finance company and subsidiary of Netafim Singapore, has raised $40 million via external commercial borrowing (ECB) from the Phoenix Group and Cogito Capital, both Israel-based investors.
The NBFC recently also raised $9.4 million of Tier I Capital from Netafim Singapore and offering exit to the initial equity partners, Atmaram Properties & Granite Hill Fund, as they had reached their investment horizon, as per its statement.
Business expansion
The ECB funds will be utilised for business expansion, enhanced offerings, and to expand horizons in the agri-rural domain, it added ....

Madhya Pradesh , Tamil Nadu , Prabhat Chaturvedi , Lauria Hanover , Atmaram Properties Granite Hill Fund , Netafim Agricultural Financing Agency Private Ltd , Phoenix Group , Netafim Singapore , Cogito Capital , Tieri Capital , Atmaram Properties , Granite Hill Fund , மத்யா பிரதேஷ் , தமிழ் நாடு , பிரபத் சதுர்வேதி , பீனிக்ஸ் குழு , கோகிட்டோ மூலதனம் , திிேறி மூலதனம் ,