India: MT Educare raises $17.2m debt from Xander Finance

India: MT Educare raises $17.2m debt from Xander Finance

Mahesh Tutorials prepares students for competitive exams. Photo: Pradeep Gaur/Mint

MT Educare Ltd, popularly known as Mahesh Tutorials, has raised Rs110 crore in structured debt from non-banking financial company (NBFC) Xander Finance Pvt. Ltd, according to two people familiar with the transaction.

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