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  3. Kedaara picks up 5% in Axis Finance for Rs750 crore, sets benchmark for IPO-headed NBFC
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India IPO
  • 25 Apr 2026
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 Kedaara picks up 5% in Axis Finance for Rs750 crore, sets benchmark for IPO-headed NBFC

Axis Finance has raised Rs750 crore from Kedaara Capital for a 5.08% stake, marking its first external funding. This capital boost strengthens its financial base as it jostles in India's extremely competitive credit market—preparing for a future IPO under regulatory requirements.

Kedaara picks up 5% in Axis Finance for Rs750 crore, sets benchmark for IPO-headed NBFC

Agnidev Bhattacharya

Agnidev is a business journalist with over two years of reporting experience tracking the intersection of capital, policy, and corporate strategy in India.He joined Mint in December 2025, after a stint at NDTV Profit (erstwhile BQ Prime). At Mint, Agnidev focuses on the high-stakes world of the Indian capital market, specialising in mergers and acquisitions, burgeoning IPOs, and the investment banking industry.Backed by a rigorous, data-driven approach, Agnidev frequently breaks news on the valuation cycles, deal pipelines and listing strategies of India’s most prominent companies. His reportage offers deep dives into the operational health of market leaders across the corporate landscape, providing readers with a clear-eyed view of institutional growth.He has reported on major issues like India's derivatives frenzy, IPO froth, the competitive quick commerce industry, the real-money gaming ban, and has broken investigative stories related to scandals such as IndusInd Bank's accounting manipulation and the Gensol-BluSmart fiasco.As a reporter, he brings stories that ultimately affect your stock market investments, and tries to bring clarity and brevity in a field that is often filled with jargon and noise.

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