Indian Companies Boost Capital via NCDs and External Borrowings

Several Indian financial and industrial companies are actively engaging in capital raising and strategic financing moves. Indian Railway Finance Corp Ltd. (IRFC) secured a $300 million external commercial borrowing loan through a pact with Sumitomo Mitsui Banking Corporation, enhancing its funding capabilities. Motilal Oswal Financial Services Ltd. and Cholamandalam Investment have approved significant issuances of non-convertible debentures (NCDs) worth Rs 300 crore and Rs 500 crore respectively, including green-shoe options for additional capital.