Baring PE Asia’s credit platform to invest $22m in Indian NBFC Capital Trust

Photo: Reuters

Baring Private Equity Asia’s credit platform is investing Rs 150 crore ($21.8 million) in BSE-listed non-banking finance company Capital Trust Ltd by subscribing to its non-convertible debentures (NCDs).

The issue is in the form of rated, listed, secured, redeemable, taxable, non-convertible debentures to BPEA India Credit Investments Trust II, a part of Baring Equity. Capital First has already received the first tranche of Rs 75 crore.

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