Edtech company iNurture, which provides higher education programmes in India, raising Rs 75 crore in debt.
The Bengaluru-based company passed a resolution in their shareholder meetings to offer 1,500 non convertible debentures (NCD) at issue price of Rs 5,00,000 each to raise Rs 75 crore.
The 13-year-old firm launched by Ashwin Ajila provides industry-relevant graduation and post-graduation degree programmes in partnership with recognised universities in India. It leverages its associations with industries to facilitate guest lectures, internships, industrial visits, live projects and placement assistance.
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