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The MLD with PP AA-credit rating was launched for Rs 50 crore with a green shoe option of another Rs 50 crore
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Ambit Finvest, one of the SME-focused, Non-Banking Financial Company (NBFC) of the Ambit Group, announced its third successful issuance of Market Linked Debentures (MLD), which was fully subscribed with a splendid response.
The MLD with PP AA-credit rating was launched for Rs 50 crore with a green shoe option of another Rs 50 crore, and was arranged in collaboration with Ambit Global Private Client, the wealth management arm of the Ambit Group.
Sanjay Dhoka, COO and CFO, Ambit Finvest said, “We are extremely happy to announce the success of our third MLD, which will help further strengthen our liability franchise to boost our growth plans. We are extremely pleased to see the strong interest and confidence placed by investors, and would like to thank all our partners and employees for their contribution towards ensuring the success of this issue”.
Amrita Farmahan, CEO, Ambit Global Private Client said, “We are happy to bring compelling & well-researched investment opportunities exclusively to investors as part of our fixed income thesis (Ambit F.I.T.) wherein the endeavor is to have superior risk adjusted products across issuers, tenors & ratings”.
The company raised Rs 824 crore of fresh bank sanctions in FY22, adding 15 new lending partners with the total count of lending relationships at 26 Banks and Financial Institutions.