Announced Mon, 27 Jul, 2026 · 16:40 IST
Moongipa Capital Finance inks EV financing deals with Zuperia Auto and SMV Green
Price
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Price reaction · full curve 14 horizons · vs prior close
+3.2%1-day move
₹15.51
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AI summary
Moongipa Capital Finance has signed strategic business arrangements with Zuperia Auto and SMV Green Solutions to provide financing to customers buying electric vehicles through their dealer networks. The move aims to expand the company's retail lending business in the EV financing segment, using partner dealer reach while following internal credit appraisal norms. The deals are in the ordinary course of business and are not related party transactions.
Likely market impact
Expands retail lending into the growing EV financing segment, potentially boosting loan portfolio and customer reach. No financial details disclosed yet.