AHMEDABAD: Education loan firm, Avanse Financial Services Ltd, on Thursday raised Rs 357 crore through securitisation transaction from a global financial institution, the company announced on Thursday. The transaction was facilitated by Northern Arc Capital. This fund will be utilized towards making education financing seamless and affordable, according to the non-banking finance company.
The transaction was facilitated by Northern Arc Capital, and the corpus will support the expansion of the non-banking finance company’s education financing programme.
“The organisation’s deep domain expertise, healthy portfolio and robust business strategy have enabled it to receive this long-term investment ,” the company stated.
Amit Gainda, CEO of Avanse Financial Services said, “This has enabled us to boost our diversified long-term stable funding strategy. I believe this newly established relationship will grow multi-fold across various spectrums of financial services and will assist us in fulfilling students’ academic aspirations and strengthening the education infrastructure of the country.” tnn
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