NBFC Kinara Capital Eyes INR 200 Cr Funding To Avert Debt Crisis

Founder Hardika Shah said that the existing investors are unlikely to infuse new capital into the NBFC

To avert the mounting credit payments, Shah said that the NBFC has signed a standstill agreement with its foreign creditors to seek more time for restructuring the INR 1,150 Cr debt

She added that the NBFC is simultaneously in the final stages of implementing a one-time settlement with domestic lenders

Troubled non-banking finance company (NBFC) Kinara Capital is…