CHENNAI: NBFC Dvara KGFS on Friday announced raising $10 million debt financing from BlueOrchard Microfinance Fund, a global impact investor. The fund would be used for the company’s expansion plans.
The debt was raised through the issuance of listed non-convertible foreign currency bonds under the external commercial borrowings route, the NBFC said in a statement.
The bonds were listed in the India International Exchange, GIFT City, Gujarat, it added.
LVLN Murty, MD & CEO, Dvara KGFS, said, “We aim at growing by 40% in the current financial year and exploring various avenues of raising liquidity will be critical to ensure a well-diversified resource profile.”
