IORA raises India's first carbon credit-backed loan from Caspian Debt

IORA raises India's first carbon credit-backed loan from Caspian Debt

Eucalyptus trees. Photo: Pixabay

IORA Ecological Solutions has raised Rs 8.5 crore (about $1 million) in structured debt financing from Caspian Impact Investments (Caspian Debt) in what the company claims is India’s first debt deal underwritten against future carbon credits.

Edited by: Padma Priya

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