New Delhi, February 25 NBFC firm Credent Global Finance announced on Wednesday that it has raised ₹30 crore through a Qualified Institutional Placement (QIP) to fund business growth.
Institutional investors participated in the QIP, further strengthening investor confidence in Credent's evolving financial services platform and long-term growth strategy, the NBFC firm said in a regulatory filing.
Credent, known for its contrarian and opportunity-driven approach in the market, has recently increased its exposure to a microfinance institution (MFI) based in Eastern India, reflecting its confidence in selective credit opportunities where risk-adjusted returns are compelling, it said.
The move aligns with the company's strategy of disciplined capital allocation and counter-cyclical investing, it said.
"With enhanced capital, strategic exposure in high-potential segments, and a strengthened leadership team, we are well-positioned to scale sustainably and deliver long-term stakeholder value," said Credent MD Aditya Vikram Kanoria.