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[Funding alert] Electronica Finance raises $15 M through issuance of equity to Encourage Capital

[Funding alert] Electronica Finance raises $15 M through issuance of equity to Encourage Capital
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Pune-based Electronica Finance Ltd (EFL) has raised over Rs 100 crore ($15 million) through the issuance of Compulsorily Convertible Preference Shares (CCPS). According to a statement released by the company, the funds will be utilised by EFL for its business growth in the existing product segments and expansion into its new rooftop solar financing business.

Incorporated in 1990, EFL is a part of the SRP Electronica Group and a pioneer in the field of machine finance. It engages in machinery and other asset financings for Micro, Small and Medium Enterprises (MSMEs).

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Hindustan Times

Centre warns these 5 states, UT over rising Covid cases, positivity rate, deaths

Centre warns these 5 states, UT over rising Covid cases, positivity rate, deaths
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The Centre has written to five states and a Union territory to take necessary steps to curb the rising cases of coronavirus disease (Covid-19), weekly positivity rates and deaths in some of their districts.


Read all the latest updates on COVID-19 here.

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DNA
DNA

Amid Omicron scare, Karnataka CM Basavaraj Bommai makes BIG announcement to control COVID-19 spread

Amid Omicron scare, Karnataka CM Basavaraj Bommai makes BIG announcement to control COVID-19 spread
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With the Omicron variant entering the country, authorities are now pulling up their socks to tackle and prevent the third wave of the COVID-19 pandemic in the country.


Read all the latest updates on COVID-19 here.

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