DMI Group raises $200 million via NCD’s

Financier DMI Group has raised $200 million from overseas investors by selling rupee-denominated non-convertible debentures (NCD’s) to them despite tight liquidity conditions in global and local credit markets.

The floatation received subscription from ultra-high net worth families, endowments, financial institutions and corporations in Asia and Europe, according to a company executive.

Source: The Economic Times