Route One Fund I, LP on Monday bought 0.88% stake in Bharat Financial Inclusion for nearly Rs99 crore, through an open market transaction. Bharat Financial Inclusion, formerly known as known as SKS Microfinance, is a...
International Finance Corporation to invest Rs 135 crore in Grameen Koota
Microfinance companies may be hit by nonrepayment of loans following demonetisation and loan waiver rumours, but investors are keeping their faith alive. International Finance Corporation, the investment arm of World...
Bharat Financial says open to merger or acquisition
Bharat Financial Inclusion, which on Monday reported a net loss of Rs 235 crore for the quarter ending on March 31 (Q4), has confirmed the market buzz that the microfinance institution (MFI) is open to a merger or...
Spandana Sphoorty raises $270 million
Microfinance lender Spandana Sphoorty Financial Ltd has raised $270 million of funding, which will facilitate its exit from the corporate debt restructuring cell (CDR) after seven years, it said in a statement on 31...
Au Financiers gets Sebi’s approval to launch IPO
Jaipur-based small finance bank licence holder Au Financiers gets Securities and Exchange Board of India, or Sebi’s approval to launch an initial public offer (IPO), according to two people aware of the development. The...
Incofin, ResponsAbility invest $20 million in agri-logistics firm Sohan Lal
Incofin Investment Management of Belgium and ResponsAbility Investments AG of Switzerland have jointly invested $20 million (approximately Rs130 crore) in Delhi-based Sohan Lal Commodity Management Pvt. Ltd (SLCM) a...
IndusInd Bank confirms deal talks with MFI Bharat Financial
Mid-sized private lender IndusInd BankBSE 0.43 % today said it is in talks with multiple entities for business expansion, including the widely speculated merger of Bharat Financial Inclusion (BFI). “…the...
Reliance AIF to raise Rs1,000 crore fund
Reliance AIF Asset Management Co. Ltd is raising its first credit fund of Rs1,000 crore called Reliance Yield Opportunity AIF Scheme 1, a company executive said. Reliance AIF, a unit of Reliance Nippon Life Asset...
IDFC Bank buys 5% stake in IIFL Holdings for Rs502 crore
Private sector IDFC Bank Ltd on Tuesday bought approximately 5% stake in financial services company IIFL Holdings Ltd for about Rs502 crore, stock exchange data showed. IDFC Bank bought approximately 1.58 crore shares...
2017 looks like a promising year for M&As
The past year saw mergers and acquisitions (M&A) activity at its peak as compared to the previous few years. A resilient domestic economy, coupled with healthy capital markets and easing credit conditions, helped...
Aavishkaar to raise $150 million fund for Africa investments
Impact investment firm Aavishkaar Venture Management Services (AVMS) plans to raise up to $150 million to invest in Africa, said a senior executive. “We are looking to raise between $100 million and $150 million for the...
Insurance firms, banks rush to invest in small finance banks
Small finance banks (SFBs) seem to have become the favourite of the season. In a majority of the proposed SFBs, insurance firms have picked up stakes. Banks and mutual funds, too, have been investing in SFBs. One of the...