Indel Money has announced the launch of its sixth public issue of secured non-convertible debentures (NCDs), aiming to raise up to Rs 300 crore to support business growth and lending operations.
According to the company, the public issue will open on October 13, 2025, and close on October 28, 2025. Each NCD will have a face value of Rs 1,000, with a base issue size of Rs 150 crore and an option to retain oversubscription up to Rs 150 crore, aggregating to a total of Rs 300 crore.
The proceeds from the issue will be primarily used for onward lending, financing, and repayment or prepayment of principal and interest on existing borrowings, accounting for at least 75 per cent of the total amount raised. The remaining portion, up to 25 per cent, will be utilised for general corporate purposes, the company said in a statement.
Indel Money, which specialises in gold loans, SME lending, and personal financing, has been steadily expanding its footprint across India’s non-banking financial sector. The fresh capital raise is expected to further strengthen its balance sheet and support growth in secured lending categories amid rising demand in the festive quarter.
In another development, Pramerica Life Insurance announced a strategic bancassurance partnership with Equitas Small Finance Bank (SFB) to enhance its distribution reach and expand access to life insurance products across India.
Through this partnership, Pramerica Life will leverage Equitas’ network of nearly 1,000 outlets and 375 ATMs to offer a comprehensive portfolio of life, savings, and health-focused insurance plans, along with Unit Linked Insurance Plans (ULIPs) that combine protection and investment benefits.
The collaboration aims to provide greater financial security to customers across both urban and rural markets, while also catering to microfinance and loan protection needs in later phases of rollout.
The tie-up marks another step in the ongoing consolidation between insurance and banking ecosystems, as financial institutions look to deepen customer engagement and diversify product offerings through integrated platforms.
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