MSME-lender Veritas raises ₹440 crore
The Hindu
Veritas Finance Pvt. Ltd, a non-banking finance company (NBFC) lending to MSMEs, has raised ₹440 crore of primary investment from existing and new investors.The company proposes to use the additional
Veritas Finance Pvt. Ltd, a non-banking finance company (NBFC) lending to MSMEs, has raised ₹440 crore of primary investment from existing and new investors.
The company proposes to use the additional capital to further penetrate existing markets.
The current capital will place the organisation strongly to build a loan book of ₹4,000 crore in the next 12 months, the company said.
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