Red Fort Capital Surpasses ₹100 Crore Assets, Secures ₹226 Million Debt Funding from Major PSU Banks to Expand SME Lending
Red Fort Capital Surpasses ₹100 Crore Assets, Secures ₹226 Million Debt Funding from Major PSU Banks to Expand SME Lending
Mumbai, 16th October 2024 – Red Fort Capital, an investment-grade NBFC, has successfully raised ₹226 million in debt funding, crossing the significant milestone of ₹100 crore in assets. This achievement marks a key regulatory threshold that reinforces its standing as a leading player in the SME lending sector.
The debt raise includes ₹150 million from a large Public Sector Undertaking (PSU) bank. Notably, Red Fort Capital has already secured prior financing rounds from the State Bank of India, the largest PSU lender. The latest PSU lender (name withheld) further expands PSU recognition of Red Fort’s SME coverage. Additionally, ₹41 million was raised through Non-C...