business

Netafim-backed NAFA raises USD 50 mn via Equity and ECB

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Netafim-backed NAFA raises USD 50 mn via Equity and ECB

Hyderabad, April 26, 2021: Netafim Agricultural Financing Agency Pvt. Ltd. (NAFA), an agri-focused NBFC and a subsidiary of Netafim Singapore, has raised USD 40 million via external commercial borrowing (ECB) from the Phoenix Group and Cogito Capital, both Israel based investors. The raised funds will be utilized effectively for business expansion, enhanced offerings, and to […]