Tag Archives: cr

How a Class X pass out built India’s largest mobile phone retail chain: the story of Rs 2,000 Cr Sangeetha Mobiles

Subhash Chandra L, Managing Director, Sangeetha Mobiles Bengaluru-based entrepreneur Subhash Chandra L comes across as well-educated and has a strikingly clear way of expressing his thoughts. In displaying his business acumen, he has no trouble recalling specific dates, numbers, and financial figures from over two decades ago. One might associate this with a fancy degree from an expensive, international university. However, Subhash ... Read More »

Aye Finance raises Rs 25 cr from Hinduja Finance & Intellegrow

Delhi-based MSME lending platform Aye Finance has raised Rs 25 crore from Hinduja Leyland Finance and Intellegrow.   This is the second securitisation deal for the company. Last year it had raised Rs 10 crore by securitising part of its portfolio.   Sanjay Sharma, Founder and Managing Director Aye Finance said, “The loan requirements of these businesses ranges between Rs 50,000 and Rs ... Read More »

Srei Equipment Finance to raise Rs 2,000 cr through IPO

Srei Equipment Finance (SEF), wholly-owned subsidiary of Srei Infrastructure Finance, plans an initial public offer (IPO) of equity, to result in dilution of up to 25 per cent of the post-issue paid-up equity capital share. The company expects to raise Rs 1,800-2,200 crore through the IPO, expected to hit the market in the last quarter of this financial year. The proceeds would ... Read More »