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Kinara Cap scouts for buyers
Mint New Delhi
|November 13, 2025
The firm, hit by bad loans and a liquidity crunch, is seeking strategic investors including fintechs and NBFCs
Plans to sell some of the loans did not work out, says founder Hardika Shah
Crisis-hit non-bank financier Kinara Capital is tapping strategic investors -fintech and other non-banking financial companies (NBFCs)-to pump in funds in exchange for a majority stake in the company, founder and chief executive Hardika Shah said.
Shah hopes to raise a few hundred crores by selling a majority stake in the business, helping the company restart lending. "Putting myself in their shoes, I would see this as a strategic investment, which means they would want full control of which direction to take that entity," she said in an interview, declining to share names since the conversations are at a preliminary stage.
This story is from the November 13, 2025 edition of Mint New Delhi.
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