Business News | NBFC Sagar Deposits secures funding for Mauritius-based EMF Airman
Bombay (Maharashtra) [India], Feb 23 (ANI/Digpu): Sagar Deposits and Advances Ltd (SDAL) aims to serve the traditionally underserved population of India who find it difficult to get a timely loan from banks or any other financial institution. They are reshaping the way customers obtain loans and improving the customer experience.
They offer two-wheeler loans, property loans, personal loans and an online banking solution for short term loans called Paisa Online.
Read also | BTS announces four new dates for the “Permission to Dance on Stage” tour, the concert will continue with April dates in Las Vegas.
Aviator Emerging Market Fund has invested in Sagar deposits and advances through NCDs (non-convertible debentures).
Aviator Emerging Market Fund operates under a license issued by the Mauritius Financial Services Commission. It is also registered with the Securities and Exchange Board of India (SEBI) as a foreign portfolio investor. The fund has a clear focus on the financial services sector, particularly NBFCs and microlenders in India.
Read also | Liverpool vs Leeds United, Premier League 2021-22 Free Live Stream Online & Match Time in India: How to Watch EPL Match Live Stream on TV & Football Score Updates in IST?.
Speaking of the investment, Farhana Ali Mohamed, Director of Aviator EMF, said, “Sagar Deposits is a key B-grade NBFC operating out of Rajasthan, with a growing customer base. They are a strong and ethical player in business with great reach for As a quasi-social impact fund, we actively invest in companies that uplift the weakest sections of society, and we are very happy to partner to SDAL as an investor.
SDAL Promoter Ashish Sharma said, “We are delighted to partner with Aviator EMF. They saw our potential for growth and our ethical lending practices to the traditionally underserved population that struggles to get loans. This investment will help us grow our loan book and support the capital needs of a fast-growing business like ours.”
This story is provided by Digpu. ANI will not be responsible for the content of this article. (ANI/Digpu)
(This is an unedited and auto-generated story from syndicated newsfeed, LatestLY staff may not have edited or edited the body of the content)