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Delhi-based agri-logistics group Sohan Lal Commodity Management’s NBFC arm Kissandhan has raised ₹29 crore through an issue of non-convertible debentures that were subscribed by AAV Sarl, an affiliate of Geneva-headquartered global impact investment firm Symbiotics Group, the company said in a statement on Monday.
“We have been the pioneers in the field of post-harvest logistics and agri-financing in India. Getting funding from large foreign institutions like Symbiotics Group is a testament of the confidence on the sector and our organisation,” said SLCM group CEO Sandeep Sabharwal.
Kissandhan has so far disbursed loans worth ₹1,751 crore to different segments, made credit available on agriculture commodities to about 3,83,380 farmers in its four years of operations and serviced over 42,225 storage receipts at 307 warehouses till end of November,” Sabharwal said.
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