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Chennai-based Samunnati Financial Intermediation and Services Pvt Ltd, has executed the issuance of Non-Convertible Debentures (NCDs) aggregating to $5 million. The latest NCDs were subscribed by FMO, the development bank of Netherlands that provides meaningful and responsible investment opportunities to businesses focused on environmental sustainability in developing countries.
The investment was made through MASSIF, a Dutch government fund managed by FMO. The funds will be utilised by Samunnati to support small-holder farmer organisations and Agri-enterprises by financing their working capital requirements. Samunnati is an agri-value chain finance firm.
Anil Kumar SG, MD & CEO, Samunnati Financial Intermediation & Services Pvt.
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