India-focused AION Capital, which manages assets of about $825 million, is a joint venture between US-based private equity major Apollo Global Management and domestic PE major firm ICICI Venture.
The small and medium enterprise-focused lending platform founded by Pramod Bhasin and Anil Chawla will use the capital infusion to push into the consumer lending segment, while continuing to build its digital platform. Last year, these companies raised $6.3 billion by selling dollar-denominated bonds, a 51.7% decline from the previous year, according to data from Refinitiv.ĪION Capital puts $40 million in SME Lender Clix CapitalĬlix Capital has raised $40 million (about ₹282 crore) in fresh financing led by its largest stakeholder AION Capital, even as the country’s broader NBFC sector continues to grapple with a combination of low liquidity and increased scrutiny over poor loan book quality, The Economic Times reported. Adani group’s renewed bond sale plans mirror those of other Indian companies that tapped the offshore bond market this year, after tepid fund-raising activity in 2018. The proposed fund raising will happen on the back of a robust response to recent bond offerings totalling about $1.9 billion by the Gautam Adani-controlled conglomerate. The group’s renewable energy arm, Adani Green Energy Ltd is also in the process of raising up to $500 million through bonds. Adani group companies that are planning to sell dollar bonds include Adani Transmission Ltd, which is aiming to raise between $750 million and $1 billion, and its unit, Adani Electricity Mumbai Ltd, which is looking to raise as much as $500 million.
Adani group is preparing to raise as much as $2 billion by selling dollar-denominated bonds as it seeks to refinance a bulk of its local debt and diversify its creditor base, Mint reported citing a person aware of the plans.
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