InCred Finance Bags INR 400 Cr Debt Funding From Morgan Stanley, Others

While Morgan Stanley India Primary Dealer pumped in INR 300 Cr, Nippon Life India invested INR 50 Cr.

InCred Finance also raised INR 40 Cr in equity from its parent InCred Holdings Ltd

The capital infusion comes as InCred Finance prepares for an IPO worth INR 4,000 Cr to INR 5,000 Cr, expected later this year

InCred Group’s lending arm, InCred Finance, has raised a debt funding of INR 400 Cr (around $46.8 Mn) from Morgan Stanley, Nippon Life India, among others….