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From Profits To Peril: How Kinara Capital Lost Its Mojo

  • Kinara Capital, once a rising star, faces challenges with bad loans and declining AUM.
  • Credit rating agencies downgrade Kinara Capital, citing concerns over financial stability.
  • Rise in bad loans leads to first-time loss in FY25, prompting need for fresh funds.
  • Company faces challenges due to sector-specific stress, increased customer overleveraging, and industry-wide shifts.
  • To improve financial stability, Kinara Capital seeks to raise funds and explore revenue channels.

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