Education-focused NBFC Auxilo secures $6-M from AK Capital Finance

Mumbai-based, education-focused non-banking financial company (NBFC) Auxilo has raised INR 50 crore (about USD 6 million) in non-convertible debt from AK Capital Finance. Auxilo will allot 5,000 non-convertible debentures (NCDs) at INR 1,00,000 each for INR 50 crore. The offer also includes an option for a green shoe option of INR 25 crore which will take the total to INR 75 crore.Auxilo has raised over USD 100 million across equity and debt since its inception.