 "Overseas fundraising by Indian firms is experiencing a robust revival in 2024, following a lacklustre 2023. This resurgence is primarily driven by strong demand for high-yield bonds from international investors amid improving liquidity conditions an")
By Baiju Kalesh
Indian shadow bank DMI Finance Pvt said it’s raising fresh funding from Japan’s Mitsubishi UFJ Financial Group Inc. at a valuation of about $3 billion as it seeks to ramp up its lending.
Indian shadow bank DMI Finance Pvt said it’s raising fresh funding from Japan’s Mitsubishi UFJ Financial Group Inc. at a valuation of about $3 billion as it seeks to ramp up its lending.
MUFG is set to buy around $330 million of stock in the company, DMI Finance co-founder Shivashish Chatterjee said in an interview Wednesday. The Japanese lender, which is already an investor in DMI Finance, will be the company’s second-largest shareholder after the deal, he said.
DMI Finance plans to use the capital to expand its balance sheet, Chatterjee said. It aims to boost lending to small- and medium-sized enterprises and will look at acquisitions, in addition to expanding its consumer finance lending and personal loan book, he said.
A representative for MUFG declined to comment.
 "UPI, UPI payments, UPI payment")
 "Ankur Capital")
 "Global online sports betting and iGaming player, Flutter Entertainment, on Tuesday opened a new Global Capability Centre (GCC) in Hyderabad with a $3.5 million investment.")
 "Cryptocurrency")
 "Bhavin Pandya, Co-founder and co-CEO, Games24x7")
