Proparco injects debt capital into Indian non-bank lender

By Narinder Kapur

  • 06 Jan 2020
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Credit: 123RF.com

Proparco SA, the private-sector arm of French development finance institution Agence Française de Développement, has infused debt capital into a non-banking finance company as it continues to back Indian lenders. Proparco has provided $70 million (about Rs 500 crore) to Shriram Transport Finance Company (STFC), the French agency said in a ......

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