Debt financing

FlexiLoans raises Rs.60-Cr from Vivriti

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Mumbai-based MSMEs-focused fintech lender FlexiLoans has raised INR 60 crore via non-convertible debt from Vivriti Asset Management.FlexiLoans will issue 6,000 non-convertible debentures (NCDs) at INR 1,00,000 per debenture. The company has already received INR 30 crore as part of the first tranche from Vivitri Emerging Corporate Bond Fund (managed by Vivriti Asset Management). The debt is provided at 12.9% per annum with a tenure of 31 months.

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