INSUBCONTINENT EXCLUSIVE:
services company, weeks after Canadian private equity firm CDPQ's investment of $255 million.Kora will invest $75 million in Edelweiss
Financial's advisory business and a further $50 million in Edelweiss Group, the shadow bank said.Indian shadow banks are facing a funding
crisis as domestic lenders are wary to invest in them following industry behemoth IL-FS default amid fraud allegations, leaving many of them
to seek overseas support.In May, rival Cholamandalam Investment and Finance Company Ltd said it would raise $222 million through bonds from
foreign investors.Mumbai-based Edelweiss said in March that CDPQ's Asian arm made a $150-million investment as the first tranche of its
total outlay.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
