Subhash Chandra-promoted Essel group will buy Bengaluru-based BSS Microfinance Private Ltd (BMPL) in a Rs 90-crore deal. The MFI has 0.2 million clients and a loan book of Rs 378 crore at the end of September 2015. It...
IDFC Bank buys 10 per cent stake in ASA International India for Rs 8.5 crore
ASA International India is a division of Dhaka-headquartered ASA, which operates in over 12 countries and plans to disburse $2.5 billion in loans among 6.6 million clients in 2015-16. “We have taken a 10 per cent...
CDC Group invests Rs 330cr in Janalakshmi Financial Services
MUMBAI: UK development finance institution, CDC Group invested Rs 330 crore ($50 million) in microfinance lender Janalakshmi Financial Services. The capital will provide for the Tier II capital of the lender and help...
Muthoot Microfin to sell 10% stake to PEs for Rs 100 crore
MUMBAI: Muthoot Microfin, the microfinance arm of the country’s second largest gold loan company Muthoot Fincorp, is talking to private equity players to raise Rs 100 crore to shore up its core capital. As part of...
IDFC : Moving up the value chain
A 1994 report from Department of Economic Affairs, Ministry of Finance found a lack of specialised financial intermediaries offering funds for infrastructure projects. This lead to the birth of IDFC Limited (IDFC) on...