Market reaction: Sensex sheds 433 points as growth concerns mount

Financial Express, Oct 5, 2019

Market believes latest round of rate cuts may not be enough to revive demand The Sensex on Friday lost over 433 points, after the Reserve Bank of India (RBI) sharply lowered GDP growth estimates for the current fiscal to 6.1% from 6.9%. The market believes the latest round of rate cuts may not be enough…

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InCred Financial Services Closed Market Linked Debenture (MLD) Issuance

BW Disrupt, Oct 4, 2019

The issue is part of InCred’s ongoing Rs 100 crore MLD programme and was arranged in partnership with Sanctum Wealth Management Mumbai-headquartered tech-enabled new age NBFC InCred provides Personal loans, Education Loans, and SME loans that are tailor-made to the unique needs of its customers. InCred, promoted by former Deutsche Bank executive Bhupinder Singh, has…

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InCred’s market-linked debenture issue fully subscribed

IBS Intelligence, Oct 4, 2019

India’s InCred Financial Services said on Friday that its debut Market Linked Debenture (MLD) issuance was fully subscribed. The issue is part of InCred’s ongoing 1 billion-rupee ($14.1 million) MLD programme, arranged in partnership with Sanctum Wealth Management. The issue was fully subscribed despite the “tough market backdrop”, and it highlights the appetite in the…

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InCred issues Market-Linked Debenture (MLD) worth Rs. 100 crore

Start Up Success Stories, Oct 4, 2019

The success of the transaction highlights the appetite in the investor community for retail-focused small-ticket lending models Mumbai, October 4th, 2019: InCred Financial Services closed its debut Market Linked Debenture (MLD) issuance yesterday. The issue is part of InCred’s ongoing Rs 100 crore MLD programme, and was arranged in partnership with Sanctum Wealth Management. The…

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