Avanse Financial Services raises Rs 357 crore in maiden securitisation deal


Avanse Financial Services raises Rs 357 crore in maiden securitisation deal

This funding is likely to support Avanse's business growth in the education financing space. The transaction was facilitated by Northern Arc Capital.

"FEL has agreed to sell a 25 per cent stake in its General Insurance Joint Venture, FGIICL, to its Joint Venture partner Generali for a cash consideration of Rs 1,252.96 crore, plus an additional consideration that is linked to the date of the closing of the transaction," the regulatory filing by the Future Group firm said.


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