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Bank of Baroda join hands with Srei Equipment Finance in infra sector

Devdiscourse News Desk mumbai
Updated: 18-04-2019 22:48 IST
Bank of Baroda join hands with Srei Equipment Finance in infra sector

Image Credit: Pixabay

Second largest state-run lender Bank of Baroda and non-bank lender Srei Equipment Finance Thursday announced a co-lending for infrastructure equipment finance. Lquippo, a non profit started by Srei's promoters, will facilitate the sourcing of loans, an official statement said.

The CSR platform has helped disburse USD 400 million in loans to 70,000 customers till now, it said. Mastercard to expand India operations Global payments company Mastercard Thursday said it will help double the number of Indian enterprises able to accept digital payments to 10 million by next year.

The company has introduced several educational initiatives in tier 2 and 3 cities which focus on creating a behavioural shift amongst merchants, an official statement said. Neogen Chemicals to raise up to Rs 132 cr through IPO Speciality chemicals player Neogen Chemicals Thursday said it is aiming to raise up to Rs 132 crore through an initial public offer.

The issue, which comes amidst signs of revival in the IPO market after a longish lull, will see the promoter Kanani family trying to mop-up over Rs 52 crore by part selling their holding and a fresh issue of Rs 70 crore of shares. The shares of Rs 10 face value will be available at a price band of Rs 212-215 and the issue will be open between April 24-26, an official statement said.

(With inputs from agencies.)