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SK Finance raises Rs 1,328 cr from TPG, Motilal Oswal
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SK Finance, an NBFC engaged in used and new vehicle financing and secured business loans, raised Rs1,328 crore from existing investors Norwest Venture Partners, TPG Growth and Baring Private Equity India. Motilal Oswal’s private equity firm – MO Alternate Investment Advisors also participated in this larger fund raise as an incoming investor investing Rs 415 crore for a minority stake, said a press statement.
Other investors who have participated in this round include Duro Capital, Axis Alternatives, Ananta Capital and Mirae Asset Venture Investments (India).
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