Maharashtra Government-backed non-banking financial company Sicom is looking to raise around Rs 400 crore to help it come out of the lending curbs clamped on it by the Reserve Bank, a top official said Tuesday.
The company, focused on financing infrastructure and industries in the State, is expected to seek cabinet approval for fund-raising as soon as the model code of conduct ends.
As per the FY18 annual report, its net NPA stood at 33.77 percent down from 35.79 percent March 2017.