Essel Finance’s MSME lending business acquired by Adani Capital

Adani Capital Private Ltd has acquired Essel Finance’s micro, small and medium enterprises (MSME) loan business. Adani Capital has secured a loan book of around Rs 145 crore through the acquisition. After the acquisition, Adani Capital Private Ltd is targetting to gradually expand its geographic presence in central and east India.

Adani Capital Private Ltd is the the non-banking financial company (NBFC) arm of Adani Group. Adani Capital Private Ltd focuses on small and micro-entrepreneurs across 4 verticals namely farm, primarily tractor loans, commercial vehicle loans for both new and used vehicles, MSME loans and for supply chain.

Find More Business News Here