Mumbai: ECL Finance, the nonbanking financial arm of the Edelweiss Group plans to step up lending and expand its loan book with loans to entrepreneurs armed by the Rs 1,800-crore fund infusion by Canadian pension giant Caisse de dépôt et placement du Québec (CDPQ).
Of the total Rs 30,000 crore loan book, around 60 per cent or Rs 18,000 crore is loans to companies and real estate, while around Rs 12,000 crore includes loans to small entrepreneurs and mortgages. Deepak Mittal, CEO at ECL ..
Edelweiss is targeting different niche businesses within SMEs and estimates the total market to be worth Rs 8-10 lakh crore. “There is a large opportunity in the middle space of entrepreneurs with GST and better tax compliance. This space of small businesses is now opening up. These markets will grow at a pace double than the 15-20 per cent we expect other businesses to grow,” Mittal said. Investment by CDPQ would be through compulsorily convertible debentures in three tranches, and the first in ..
For more information Top 10 Stock Advisory Company Indore
Of the total Rs 30,000 crore loan book, around 60 per cent or Rs 18,000 crore is loans to companies and real estate, while around Rs 12,000 crore includes loans to small entrepreneurs and mortgages. Deepak Mittal, CEO at ECL ..
Edelweiss is targeting different niche businesses within SMEs and estimates the total market to be worth Rs 8-10 lakh crore. “There is a large opportunity in the middle space of entrepreneurs with GST and better tax compliance. This space of small businesses is now opening up. These markets will grow at a pace double than the 15-20 per cent we expect other businesses to grow,” Mittal said. Investment by CDPQ would be through compulsorily convertible debentures in three tranches, and the first in ..
For more information Top 10 Stock Advisory Company Indore
0 Comments