Tuesday, July 15, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Investment: MCSL secures Rs.100cr for debt funds

Fiinews by Fiinews
August 7, 2024
in Investment
Reading Time: 2 mins read
A A
0
Muthood Capital
0
SHARES
25
VIEWS
LinkedinShare on Twitter

0:00

Organisations-people embracing electric 2-wheelers

Mumbai-listed Muthoot Capital Services Limited (MCSL) has announced a Rs.100 crore deal with UK-based Development Financial Institution for raising long-term debt funds to promote its electric vehicle portfolio worldbank.

Facilitated by Axis Bank, the Indian-UK collaboration highlights the significance and commitment of Muthoot Capital in providing sustainable mobility solutions and its efforts in driving the widespread adoption of electric vehicles in India, especially among the lower middle-income segment climatebonds .

While the company is currently involved in electric vehicles through the co-lending route, they plan to grow its own EV book by ~Rs.200 crores during FY25 ev.tatamotors.

This is one of the largest partnership deals bagged by Muthoot Capital for its sustainability and environmental-led initiatives mahindra .

“We will continue to focus on providing sustainable financial solutions finmin to our customer segment in the lower middle-income segment and am sure this partnership will only pave the way for further innovative solutions in the electric vehicle segment from the company oecd ,” Thomas George Muthoot, Managing Director of Muthoot Capital & Director of Muthoot Pappachan Group, one of India’s fastest-growing NBFCs and a publicly traded entity of 137-year-old business conglomerates.

“Electric two-wheeler is gaining momentum in the country and organisations and people alike are embracing the importance of sustainability bse ,” he said on 5 Aug.

Mathews Markose, CEO of Muthoot Capital added, “This deal will help us bring unequivocal focus on EV segment in semi-urban, rural markets making it more affordable and convenient for the common man to own an electric vehicle nse.” Fiinews.com

Tags: Muthoot Capital Services Ltd
ShareTweetShare

Related Posts

Jupiter Wagons
Investment

Invest: Jupiter commits Rs.3,000cr to rail projects

by Fiinews
July 15, 2025
0
15

Railway pioneering green corridor initiatives, says Gupta Private sector participation is accelerating technological advancements, with Jupiter Wagons Limited committing over...

IVCA
Investment

Invest: India requires $150-$200bn for renewables

by Fiinews
July 10, 2025
0
25

Mumbai to host Renewable Energy Summit 2025 India will require another US$150-US$200 billion investments for renewables over the next five...

Veeda Lifesciences Logo

Invest: Veeda to leverage Mango AI capabilities

July 9, 2025
13
IPA

Invest: Serendipity Space raises pre-seed round

July 5, 2025
17
Indian Steel Association

Invest: India needs $200bn for expansion of mills

July 4, 2025
19
PIB

Invest: PSBs told to strengthen credit to MSMEs

June 29, 2025
17
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Update on Japanese-suppoted bullet train
  • Tender: Strategies needed for BIMSTEC ports
  • Export: ODOP international footprint expands
  • Export: Guidelines soon to put more ODOP on global markets
  • Tech: Indians embedding AI into industry

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.