NBFC Kinara Capital Eyes INR 200 Cr Funding To Avert Debt Crisis

Troubled non-banking finance company (NBFC) Kinara Capital is reportedly looking to raise nearly INR 200 Cr from external strategic investors to avert its debt crisis.

Founder Hardika Shah told Economic Times that the existing investors are unlikely to infuse new capital into the company right now.

To avert the mounting credit payments, Shah reportedly said that the NBFC has signed a standstill agreement with its foreign creditors to seek more time for restructuring an INR 1,150 Cr debt.