Orange Retail Finance raises ₹100 crore debt, adds Shriram tie-up
By Abha Lohia ·
- Orange Retail Finance is a Chennai-based non-bank lender that began with two-wheeler loans sold through dealerships and now serves wider retail borrowers
- It raised ₹100 crore through listed bonds (non-convertible debentures) and signed a ₹100 crore co-lending deal with Shriram, a large retail lender
- The bonds are half of a ₹200 crore programme for this year, within a ₹300 crore debt goal, and the firm also plans ₹100 crore of equity
What happened
- Orange raised ₹100 crore via listed non-convertible debentures (bonds).
- UMI Capital arranged the issue.
- It signed a ₹100 crore co-lending deal with Shriram.
- The firm also plans to raise ₹100 crore equity.
Why it matters
- Co-lending lets it lend more without holding the full amount on its own books.
- Fresh funds support a changing loan mix.
The business
- Chennai-based non-bank lender.
- Started with two-wheeler loans via dealerships.
Who put in money
- UMI Capital Arranger
- Shriram Co-lending partner — Large retail lender
In numbers
₹200 CrNCD programme this year · FY27
₹300 CrDebt target · FY27
What happens next
- Plans ₹100 crore equity raise.
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