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No carrot, only stick: Why the RBI has gone beyond moral suasion and fines

India: IPO-bound SK Finance raises $160m in Motilal Oswal Alternates-backed round

SK Finance Ltd, an Indian NBFC engaged in used and new vehicle financing and secured business loans, said it has raised $159.9 million.

SK Finance raises Rs 1,328 Cr in equity round; MO Alts pick up minority stake

SK Finance raises Rs 1,328 cr from TPG, Motilal Oswal

SK Finance raised Rs1,328 crore from existing investors Norwest Venture Partners, TPG Growth, Baring Private Equity India, and new investors Motilal Oswal s MO Alternate Investment Advisors, and Duro Capital. The funds will be used for brand, distribution, technology, and people. SK Finance, founded in 1994, offers commercial vehicle loans, car loans, tractor loans, two-wheeler loans, and secured business loans. It has a presence in 12 states with 500 branches and over 9,600 employees.

Army Colonel beaten up, robbed in south Delhi; two held