Fibe’s lending arm raises Rs 225 Cr in debt

Fibe’s lending arm EarlySalary has raised Rs 250 crore ($26.5 million) through non-convertible debentures (NCDs) from a clutch of investors including AK Capital Finance, Franklin Templeton AIF, Vivriti Alpha, SK Finance, Incred Capital, MAS Financial Services, and IB Future Tech.

The board of EarlySalary passed a special resolution to allot 20,500 NCDs at an issue price of Rs 1 lakh each, amounting to Rs 205 crore ($24 million), as per its filings with the Registrar of Companies…