Adani Capital to raise Rs 10 billion in FY19, mostly through bank loans

The proposed long-term bank facilities have been assigned AA- rating from Crisil

Adani Capital, the financial services arm of diversified Adani group, is planning to raise around Rs 10 billion in debt, mostly in bank loans, this financial year to fund growth.
 

The company began operations as an NBFC in April 2017 with a focus on MSME and corporate finance. The MSME finance mainly includes business loans, farm sector finance, commercial vehicle loans and supply chain finance, while in corporate finance, it mainly operates in infrastructure real estate and corporate loans.
 

"We will be borrowing Rs 600 crore in term loans from the banks over the course of the year. Another Rs