DMI Finance has successfully raised Rs 1,455 crore through the issuance of non-convertible debentures on a private placement basis. This issuance attracted bids totaling Rs 1,630 crore from various investors, including mutual funds and corporate offices. The debentures have been rated ‘AA’ by Icra and carry different maturity dates across six series. Proceeds from the issue will be used to enhance DMI Finance’s lending portfolio and meet funding requirements.