Debt financing
SME-focused lender Red Fort Capital raises Rs.22.6 Cr
Mumbai-based Red Fort Capital has raised INR 22.6 crore in debt funding. The funding raised includes INR 15 crore from a state-run bank, INR 4.1 crore through non-convertible debentures (NCDs) via Foreign Portfolio Investors and INR 3.5 crore from USHA Finance.Red Fort Capital offers secured loans of amounts ranging from INR 1 crore to INR 10 crore to small and medium enterprises (SMEs).
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