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The company also plans to continue hiring senior bankers and investment specialists as it scales the new platform.
InCred's NBFC arm plans to raise approximately Rs 4,000-5,500 crore to strengthen its capital base.
Earlier in April, Nikhil Kamath invested around Rs 172 crore in GreenLine Mobility Solutions Ltd.
This acquisition will provide InCred Finance with a head-start in the gold loans business, accelerating its go-to-market timeline by 24-36 months.
Last week, InCred Finance, the consumer and MSME lending arm of the InCred Group, appointed Gaurav Maheshwari as its chief financial officer.
