L&T Finance, which recently redefined its business strategy, is headed for a re-rating. Marico chairman Harsh Mariwala, an independent board member of L&T Finance, bought 46,000 shares in the company early this...
Standard Chartered PE invests $50 million in IFMR Capital
IFMR Capital is raising $50 million from Standard Chartered Private Equity (SCPE), with the first tranche of $17 million already having come in. Existing investor Leapfrog has partially sold its stake in the company...
ESAF ties up with FIS for micro finance bank
KOCHI: One of the largest microfinance providers in India, ESAF, has selected FIS, a global leader in financial services technology, to power the launch of its small finance bank. ESAF Small Finance Bank was created to...
IFMR Capital raises $25 million from Eight Roads Ventures
Mumbai: IFMR Capital, which helps financial institutions serving poor people raise funds, has received $25 million in funding from Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd. This...
Lok Capital, others divest stake in Ujjivan Financial
A bunch of foreign private equity (PE) shareholders in small finance bank licensee Ujjivan Financial Services Ltd have sold a total stake of around 3% in the company to domestic investors, two people aware of the...
RBL Bank picks 10 per cent stake in Utkarsh Micro Finance
MUMBAI: Continuing the trend of smaller private sector banks buying into microlenders, the recently-listed RBL Bank today bought 9.99 per cent stake in northern states-focused Utkarsh Micro Finance for an undisclosed...
IDFC Bank for acquisitions & fintech tie-ups to grow retail book
IDFC Bank, the newest lender in the country, is looking at an aggressive campaign to get individual depositors and lenders. “We are definitely looking at more acquisitions and inorganic opportunities of adding to our...
Jack Ma’s Ant Financial plans to buy 20% stake in Ascend Money
Hong Kong: Alibaba Group Holding Ltd.’s financial affiliate is planning to purchase a 20% stake in Thailand’s Ascend Money in a bid to become a key financial services player in Southeast Asia. Zhejiang Ant Small &...
Lok Capital to raise $100 million; to invest in health, agriculture companies
NEW DELHI: Investment fund Lok Capital today said it aims to raise a corpus of about $ 100 million (about Rs 673.4 crore) to invest in growth-stage companies in India across sectors like financial inclusion, healthcare...
Equitas Holdings: A Professionally Managed Company
Incorporated in June 2007, Equitas Holdings Ltd is a Chennai-based company founded by Mr P.N. Vasudevan who holds a mere 2.5% equity stake as a promoter of the company. The company is a financial services provider...
Ujjivan Financial raises Rs 300 cr in pre-IPO placement>
Microfinance lender Ujjivan Financial Services has raised Rs 300 crore from a clutch of investors, including HDFC Life and Sundaram MF, in a pre-IPO placement. “Ujjivan Financial Services which filed its draft red...
BSS Micro Finance calls off deal talks with Essel Finance.
BSS Microfinance has terminated talks with Essel Finance for a possible sale. Essel Finance was in talks to acquire BSS Microfinance Pvt Ltd. The Bangalore based MFI has asset size of Rs 400 crore. This could have paved...