Lendingkart Finance reports losses, breaches bond covenant for 2024-25
Lendingkart Finance, backed by Temasek, faced losses before tax in 2024-25, breaching a covenant on its ₹75 crore bonds. The company is seeking a waiver from bondholders, who are likely to grant it given the guarantee from Lendingkart Technologies and Temasek's increased stake. Despite the losses and a shrinking loan book, investors are comforted by Temasek's commitment and past investments.
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