<ul><li>South India-based NBFC Kanakadurga Finance Ltd is in talks with private equity funds to raise a Series B equity fund of Rs. 100-125 crore.</li><li>Intellecap, an advisory and consulting arm of Aavishkaar Group, has been appointed by Kanakadurga Finance for the fundraising.</li><li>Kanakadurga Finance focuses on used commercial vehicle financing in semi-urban and rural geographies.</li><li>The company has expanded to six states and one Union Territory, with 154 branches, and aims to close the year with Rs. 800+ crore AUM.</li></ul>

Kanakadurga Finance in Talks with Private Funds to Raise Equity Capital of Rs. 100-125-Cr

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