India: IPO-bound SK Finance raises $160m in Motilal Oswal Alternates-backed round
SK Finance Ltd, an Indian NBFC engaged in used and new vehicle financing and secured business loans, said it has raised $159.9 million.
Source: dealstreetasia.com
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IPO-bound SK Finance raises Rs 1,328 cr in fresh round led by Norwest, TPG, MO Alts, Baring PE
NBFC SK Finance has a diversified product portfolio, consisting of loan offerings in the categories of cars, commercial vehicles, tractors and two-wheelers, along with secured business loans.
Source: moneycontrol.com
IPO-bound SK Finance raises Rs 1,328 crore in fresh equity fundraise
TPG Growth-backed SK Finance, an NBFC engaged in used and new vehicle financing and secured business loans, raised Rs 1,328 crore from existing investors along with few other new investors.
Source: indiatimes.com
SK Finance raises Rs 1,328 cr from TPG, Motilal Oswal
SK Finance raised Rs1,328 crore from existing investors Norwest Venture Partners, TPG Growth, Baring Private Equity India, and new investors Motilal Oswal's MO Alternate Investment Advisors, and Duro Capital. The funds will be used for brand, distribution, technology, and people. SK Finance, founded in 1994, offers commercial vehicle loans, car loans, tractor loans, two-wheeler loans, and secured business loans. It has a presence in 12 states with 500 branches and over 9,600 employees.
Source: indiatimes.com