US-based Nuveen leads $55m investment in Indian NBFC Samunnati

Samunnati Financial Intermediation and Services Pvt. Ltd, a non-banking financial company (NBFC) specializing in loans to farmers and entities engaged in agriculture, has raised ₹387 crore ($55 million) in a Series D round led by Nuveen, the investment management arm of Teachers Insurance and Annuity Association of America (TIAA), a senior executive said in an interview.