CosmicTaco

CRED Eyes INR 550 Cr Investment in Newtap Finance

CosmicTaco · 2025-02-05T10:49:17.368422+05:30

- CRED plans to invest INR 550 Cr in its NBFC, Newtap Finance Pvt Ltd, according to India Ratings and Research. - NFPL aims to raise an additional INR 5,500 Mn equity from its promoter's subsidiary and CRED, pending regulatory approval. - CRED had an AUM of INR 19,000 Cr in Dec 2024, with NPAs at 1.1%, up from FY24’s 0.73% and FY23’s 0.59%. Source: [Inc42](https://inc42.com/buzz/cred-mulling-investing-inr-550-cr-in-nbfc-newtap-finance/)

CRED plans to invest INR 550 Cr in its NBFC, Newtap Finance Pvt Ltd, according to India Ratings and Research.
NFPL aims to raise an additional INR 5,500 Mn equity from its promoter's subsidiary and CRED, pending regulatory approval.
CRED had an AUM of INR 19,000 Cr in Dec 2024, with NPAs at 1.1%, up from FY24’s 0.73% and FY23’s 0.59%.

Source: Inc42

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