Dugar Finance secures $3-M in debt from Symbiotics Investments

Chennai-based Dugar Finance & Investments Ltd , a non-banking financial company, has raised USD 3 million in debt from the USD 75 million green basket bond issued by the Swiss-based impact investment firm Symbiotics Investments. The bond, the second of its kind, was issued by Symbiotics Investments and subscribed to by British International Investment. The funding will strengthen Dugar Finance to expand its presence in the EV financing and rooftop solar financing space.