BlackSoil NBFC raises Rs 22 Cr

By issuing secured debentures to family offices and high net worth individuals on a private placement basis.

New Delhi: NBFC firm BlackSoil Capital on Tuesday said it has raised Rs 22 crore by issuing secured debentures to family offices and high net worth individuals on a private placement basis.

With this round, the non-banking financial services firm has managed to raise around Rs 80 crore in the current financial year, the company said.

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“The funds raised through this NCDs issue will be utilised primarily for lending activities. It will be used to fund primarily growth startups and MSMEs. Since its inception 4.5 years ago, BlackSoil has raised a total of Rs 287 crore via multiple NCD issues and about 30 per cent of the same has been repaid as well,” BlackSoil said in the statement.

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