1. Ujjivan Financial Services raises R40 crore via NCDs to Oikocredit

Ujjivan Financial Services raises R40 crore via NCDs to Oikocredit

Ujjivan Financial Services on Tuesday said it has raised Rs 40 crore through issue...

By: | Bengaluru | Published: January 14, 2015 12:17 AM

Ujjivan Financial Services on Tuesday said it has raised Rs 40 crore through issue of listed, secured, redeemable non-convertible debentures (NCDs) to Oikocredit, a global cooperative and social investor. The NCDs are listed on BSE and have been fully subscribed, the microfinance institution said.

“Oikocredit supports solid businesses with strong social impact and we have found this ideal combination in Ujjivan. We are glad to further strengthen our partnership and hope our support will help Ujjivan reach under served communities,” said Florian Grohs, credit director at Oikocredit.

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