NBFCs regain investor confidence, MLD sales back to pre-Covid levels

Mumbai: Wealthy investors and family offices appear to have regained confidence in non-banking finance companies (NBFC), which were finding it tough to raise money last year.Sales of market-linked debentures (MLDs) — securities where payouts are deter mined at the time of maturity — have gone up to pre-pandemic levels with the likes of Edelweiss, Anand Rathi, Centrum, and Mahindra Finance raising more than Rs 2,000 core in the April-June quarter