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Quant-trading platform AlphaGrep raises Rs 200-Cr through NCDs
Source Reuters (opens in a new tab)
Mumbai-based AlphaGrep has raised INR 200 Cr through the issuance of non-convertible debentures. The debt instrument carries a one-year tenor and an interest rate of 10.5% per annum.AlphaGrep operates as a high-frequency trading firm. The company intends to use the capital to expand its artificial intelligence and machine-learning infrastructure and support the growth of its retail-facing businesses.