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India's first maritime-focused lender eyes $1 bln FY27 fundraise

Posted on April 17, 2026
By Business News Today
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1 min read

India's first maritime-focused lender eyes $1 bln FY27 fundraise

Sagarmala Finance Corp. will raise 100 billion rupees in FY27. This funding will support ports, shipbuilding, and waterways. The company will borrow through bonds, term loans, and foreign currency. Sagarmala aims to disburse up to 90 billion rupees in loans by March 2027. It also seeks government equity infusion to support its growth.