Right time to approach NCD market: Religare Finvest
By Ira Dugal | Published On: September 11, 2012 13:50 (IST) | Duration: 6 min, 54 sec
Religare plans to raise Rs 250 crore through an Non-Convertible Debentures (NCDs) issue. Kavi Arora, Managing Director & Chief Executive Officer at Religare Finvest told NDTV Profit that the time was right to approach the NCD market and draw in funds from retail investors. The funds raised are likely to be used to maintain 18-20 per cent growth in the lending business. The management also clarifies that asset quality remains stable despite some concerns raised by the rating agencies.