Flipkart co-founder Sachin Bansal’s financial services startup Navi Technologies has raised ₹204 crore in fresh equity capital from Mumbai-based private equity firm Gaja Capital and other ultra-rich individual...
CreditAccess Grameen-Madura Micro Finance merger to be completed by FY21
CreditAccess Grameen stock has been trading at life-time highs. What according to you has been contributing to the growth of the company and what are the growth drivers going forward? Stock trading is the market’s...
Madura Micro Finance to merge with Credit Access Gramin
Madura Micro Finance Ltd. (MMFL), an unlisted NBFC – MFI (Micro Finance Institution), is going to get amalgamated into Credit Access Grameen Ltd. (CAGL) a listed NBFC-MFI. It is going to be part cash - part stock deal...
Sachin Bansal buys DHFL Gen Insurance
Flipkart co-founder Sachin Bansal has acquired DHFL General Insurance from Wadhawan Global Capital (WGC) for around Rs. 100 crore, people in the know of the deal said. The transaction is seen as a distress sale for WGC...
Warburg Pincus, others lead funding round in Fusion MFI
Fusion Microfinance Pvt. Ltd, a microfinance institution (MFI) based in New Delhi, on Tuesday said it has secured ₹500 crore from existing investors Warburg Pincus and Chicago-based impact investor Creation Investments...
NBFC firm Avanti seeks to raise up to $40 million
Avanti Finance, the microloan-focused NBFC promoted by Ratan Tata and Nandan Nilekani from their personal philanthropic funds, is looking to raise USD 30-40 million (up to about ₹285 crore) in fresh equity from impact...
CreditAccess Grameen to acquire Madura Micro Finance for Rs 876 crore
Microfinance institution CreditAccess Grameen (CAGL) on Wednesday said it will acquire 100 per cent stake in Chennai-based Madura Micro Finance (MMFL) in a two-step process for Rs 876 crore. In the first leg, Bengaluru...
Norwegian financier NMI aims to raise the stakes in India
Norwegian development financier Nordic Microfinance Initiative (NMI) aims to grow its India exposure to 35% from its fourth fund, said a senior executive. Founded in 2008 in Oslo, NMI is a partnership between Norfund...
Sidbi, Quilvest invest in JM Financial arm’s ₹600-cr India fund
JM Financial Private Equity has closed its second India-focused fund with commitments of more than ₹600 crore from Quilvest Group and Small Industries Development Bank of India (Sidbi) among others, two people aware of...
JM Financial PE buys stake in Innovcare
JM Financial Private Equity has bought a significant minority stake in nutraceutical firm Innovcare Lifesciences Pvt. Ltd, a person aware of the development said. The valuation of the deal could not be independently...
DHFL parent WGC sells its loan distribution biz to Metdist Group
Wadhawan Global Capital (WGC), the parent of cash-strapped Dewan Housing Finance Corp. Ltd (DHFL), is selling its loan distribution business Andromeda Sales and Distribution Pvt. Ltd to London-based metal trading firm...
Warburg Pincus pledges entire stake in IDFC First Bank to raise funds
Global private equity major Warburg Pincus has pledged its entire 9.86% shareholding in private lender IDFC First Bank Ltd to raise funds, two people aware of the development said, requesting anonymity. Warburg holds...