DMI Finance to Raise Funds at $3 Billion Valuation

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DMI Finance to raise funds from MUFG at $3 billion valuation

DMI Finance to raise funds from MUFG at $3 billion valuation

Published on: 22 Aug 2024
Last updated on: 28 Oct 2024
Post Views: 6671
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Shadow bank DMI Finance Pvt said it’s raising fresh funding from Japan’s Mitsubishi UFJ Financial Group Inc. at a valuation of about $3 billion as it seeks to ramp up its lending.

MUFG is set to buy around $330 million of stock in the company, DMI Finance co-founder Shivashish Chatterjee said in an interview Wednesday. The Japanese lender, which is already an investor in DMI Finance, will be the company’s second-largest shareholder after the deal, he said.

Source: Moneycontrol

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