Murugappa group, CDC Group Pie to address credit issue of MSME
New Delhi, Jan. 13 -- Cholamandalam Investment and Finance Company (CIFCL) of Murugappa group and CDC Group Pie (CDC) the United Kingdoms development finance institution have joined hands to address credit issue of Micro Small and Medium Enterprises (MSMEs).
Cholamandalam Investment and Finance Company (CIFCL), has raised Rs 4 billion (Rs 400 crore) from CDC Group Pie (CDC), the United Kingdoms development finance institution and impact investor through the issuance of unsecured, subordinated, rupee denominated masala bonds.
This is CIFCLs maiden masala bond issue which may be listed on London Stock Exchange or any other international stock exchanges in future.
CDC and CIFCL have joined hands to address the business credit requirement...
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