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  • DMI Group raises $200 million via NCD’s

DMI Group raises $200 million via NCD’s

  • Published on: 18 Mar 2020
  • Last updated on: 28 Oct 2024
  • Post Views: 5797

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

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