Everstone Capitalbacked Hinduja Leyland Finance is looking to raise Rs 150-200 crore of capital from existing shareholders, chief executive Sachin Pillai said. The lender shelved its initial public offer plan while Pillai told ET that its stakeholders are committed to infuse money to fund growth. These investors had infused Rs 250 crore last fiscal and another Rs 100 crore in the first quarter of this fiscal. Pillai said the lender would like to have 80 per cent loan portfolio from vehicle financing in future. About 40 per cent of it comes from commercial vehicle financing.

Source: Economic Times July 13, 2017 05:33 UTC