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Image used for illustrative purpose. Seed funding or seed stage funding is a very early investment which aims at helping a business grow and generating its own capital. Also referred to as seed money or seed capital, investors often get equity stake in exchange for the capital invested. Getty Images
Aditya Birla Finance is planning to raise Rs15bn (US$172m) from short 3.5-year bonds at 7.9413%, according to market sources.
The non-banking financial company is targeting Rs2.5bn plus a greenshoe of Rs12.5bn from bonds due August 7 2028.
It is seeking bids tomorrow from 11:30am to 12:30pm India time.
Kotak Mahindra Mutual Fund is heard to be the anchor investor.
Icra and Crisil have assigned a AAA (stable) rating to the secured notes.
Source: IFR
