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Indian agri-focused lender NAFA raises $50m through equity and ECB Photo: Reuters April 27, 2021 Agriculture-focused non-banking finance company (NBFC) Netafim Agricultural Financing Agency (NAFA) on Monday said it has raised $50 million through a mix of equity capital and external commercial borrowing from Israel based – Phoenix Group and Cogito Capital. Funds raised will be utilized for business expansion, enhanced offerings, and to expand horizons in the agri-rural domain and to improve its margins as it intends to service the high-cost old debt and bring down the overall cost of funds, the company said in a statement. Apart from Phoenix group and Cogito Capital, it recently raised $9.4 million of Tier I Capital from its parent, Netafim Singapore and offered exit to the initial equity partners Atmaram Properties & Granite Hill Fund as they had reached their investment horizon, it said. ....
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 ....
NAFA raises $50 million via ECB, equity Updated: Updated: Share Article AAA Netafim Agricultural Financing Agency Pvt. Ltd. (NAFA), an agri-focused NBFC and a 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 funds will be utilised for business expansion, enhanced offerings, and to expand horizons in the agri-rural domain. The company would successfully improve its margins as it intends to service the high-cost old debt and bring down the overall cost of funds, it said in a statement. The deal also marks fresh equity infusion into NAFA, which recently raised $ 9.4 million of Tier I Capital from Netafim Singapore and offered exit to the initial equity partners Atmaram Properties & Granite Hill Fund as they had reached their investment horizon. This is the maiden investment for both Phoenix Group and Cogito Capital in India and NAFA, ....
Netafim-backed NAFA raises USD 50 mn via equity and ECB from Israeli investors freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.