National Bank for Financing Infrastructure and Development (NaBFID) Extends INR 465 Cr in Long-Term Funding to VIBGYOR Group of Schools to Boost Educational Infrastructure in India
Key Deal Highlights
- First such funding by NaBFID in K-12 Segment
- Transaction involves brownfield expansion in 12 operating VIBGYOR Group of schools
- Long term funding of 15 yrs + backed by stable operating cashflows
- Will enhance education infrastructure for an additional 18000 students
- Will help VIBGYOR Group of schools to further expand its network of schools & aid in reaching a milestone of 75000 + active students and 50 schools by FY 27
[Mumbai, Maharashtra] – [23/11/2024] – VIBGYOR Group of Schools has received INR 465 Cr in long-term financing for its operating entities from The National Bank for Financing Infrastructure and Development (NaBFID), as a landmark funding initiative. This significant investment marks NaBFID’s inaugural transaction within the K-12 Segment, underscoring the bank’s commitment to enhancing social infrastructure across India.
VIBGYOR Group of Schools, a prominent name in the Indian education landscape, with 40 schools across 15 cities in 7 states, aims to utilize this funding to expand its presence and improve educational access across the country. The financial support will facilitate the enhancement of existing facilities, ultimately benefiting thousands of students and their families.
