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Micro Finance Private Equity
Micro Finance Private Equity
Sequoia Capital strikes gold in Manappuram Gold Loans Gets 5x returns in 2 years
by Abhay on April 28, 2010 Sequoia has sold its entire 11% stake in Manappuram General Finance and Leasing Ltd, a nonbanking finance company that provides gold loans through the open market for about Rs 340 crore. Sequoia had invested in the NBFC more than two years ago in 2007 by paying Rs 142 per share. However, the exit deal was concluded [...] { 0 comments }
Bhartiya Samruddhi Finance gets Rs 118 crore equity investment from Matrix Partners
by Abhay on April 5, 2010
In the third round of capital raising, Bhartiya Samruddhi finance (BSFL) has received Rs 100 crore from Matrix Partners India as lead investor and it will hold an 18 per cent stake in BFSL after this deal is completed. The other two investors who have invested in BSFL along with Matrix Partners India are Hivos Triodos
Equitas Microfinance receives Rs 108 Crore investment from CLSA Capital Partners
by Abhay on April 5, 2010 Equitas microfinance has reported that CLSA Capital Partners has invested Rs 108 Crore($24 million) to acquire an minority stake in the company.CLSA Capital Partners is a specialist private equity investment management firm, and invests in Asia through its Aria Investment Partners series of pan-Asian private equity funds. Aria partners with owners and managers of outstanding middle
Utkarsh Micro Finance Pvt Ltd receives Rs 13.5 Crore investment from International Finance Corp
by Abhay on March 31, 2010
The International Finance Corporation (IFC), a member of the World Bank Group has announced that it will be investing INR 13.5 Crore (USD 300,000) in Utkarsh Micro Finance a Uttar Pradesh based startup microfinance company. In the next five years, Utkarsh expects to reach more than 5,00,000 women borrowers in the most poorly served markets
IFMR Capital structures micro loan securitisation with Grameen Financial Services Pvt Ltd.
by Abhay on March 31, 2010 IFMR Capital recently structured and arranged a Rs. 264.7 million securitisation transaction. The transaction is backed by 25,446 microloans originated by well-known Bangalore based MFI, Grameen Financial Services P. Ltd., popularly known as Grameen Koota. IFMR Capital Pioneer III, the Special Purpose Vehicle created for the transaction, has issued two tranches of securities rated by Crisil,
Leapfrog Investments expected to invest Rs 137 Crore in Microfinance and Microinsurance Companies
by Abhay on March 29, 2010 LeapFrog Investments will be investing up to Rs 137 Crore ($30.5 million) in innovative Indian insurance and financial services companies that have the potential to grow and serve the countrys fast growing micro insurance market.This amount will come from its corpus of over Rs. 506 Crore ($110 million) that it raised recently to invest
Catamaran Venture fund invests Rs 28 Crore in SKS Microfinance at discounted rate of Rs 300 per share.
by Abhay on March 27, 2010 SKS Microfinance, Indias largest microfinance entity, has filed for its draft red herring prospectus and it should be of no surprise for the readers of this blog that Infosys chief mentor N R Narayana Murthy has invested in SKS Microfinance.
Janalakshmi Financial Services (JFS) which is promoted by former Citigroup Inc banker Ramesh Ramanathan has raised $10 million (Rs45.8 crore) in its second round of funding. The funding round was led by Singapore-based hedge fund Tree Line Asia Master Fund and Bellwether Microfinance Fund which has been an initial investor in the firm.
Debenture Issues
Grama Vidyal Micro Finance plans Rs 100 cr Non Convertible Debentures
by Abhay on August 13, 2009 Tiruchy-based non-banking finance company (NBFC) Grama Vidiyal Micro Finance (GVMFL) is planning to raise around Rs 100 crore by way of non-convertible debentures (NCD) over the next three months. The money will be utilised to support companys expansion plan, said S Devaraj, chairman and managing director, GVMFL.
HYDERABAD: Spandana Sphoorty Financial, the second-largest microfinance firm, has raised Rs 80 crore by issuing one year non-convertible debentures (NCDs) redeemable at a premium of 10%. Standard Chartered Bank India has subscribed to NCDs. The Hyderabad-based company also has a greenshoe option of Rs 220 crore, which can be explored eventually with the investors.