MICRO FINANCE

Kedaara Capital set to take control of microlender Spandana Sphoorty

March 17, 2017 | Bruhadeeswaran R

Private equity firm Kedaara Capital Investment Managers Ltd is in talks with Hyderabad-based microfinance firm Spandana Sphoorty Financial Ltd to acquire a controlling stake.

Asian Development Bank investing $10 mn in Satin Creditcare Network

March 14, 2017 | Bruhadeeswaran R

Asian Development Bank is investing $10 million (around Rs 65.8 crore) in New Delhi-based Satin Creditcare Network Ltd through a preferential allotment in return for a 4% stake, the firm said in a disclosure. 

Exclusive: SMILE Microfinance on the block

February 22, 2017 | Bruhadeeswaran R

Chennai-based SMILE Microfinance Ltd is up for sale with both its majority shareholder, US fund manager Developing World Markets (DWM), and its founder looking to exit the company.

Exclusive: PE firm True North to partially exit small finance bank licensee Fincare

February 08, 2017 | Bruhadeeswaran R

Fincare Business Services Pvt.

Exclusive: Dewan Housing Finance seeks to acquire micro lending firm

February 03, 2017 | Bruhadeeswaran R

Mumbai-based listed housing finance firm Dewan Housing Finance Corporation Ltd (DHFL) is seeking to acquire a small lending company to diversify its asset base and increase its financial inclusion agenda, two persons familiar with the development told VCCircle. 

Muthoot Microfin raises $20 mn from US-based PE firm Creation Investments

January 24, 2017 | Bruhadeeswaran R

Muthoot Microfin Ltd (MML), a part of diversified financial services company Muthoot Pappachan Group (MPG), has raised growth capital for its microfinance business from Chicago-based PE fund Creation Investments Llc in its first private equity round of funding for any of its group companies, it s

Piramal Enterprises to start housing finance business

January 06, 2017 | TEAM VCC

Piramal Enterprises Ltd said its board has allowed unit Piramal Finance Ltd to start retail housing finance business as part of its diversification strategy.

Exclusive: RGVN North East Microfinance lines up new investors

December 28, 2016 | Ranjani Raghavan & Bruhadeeswaran R

RGVN (North East) Microfinance Ltd has raised capital from domestic investors to meet the central bank’s norms essential for the company to transition to a small finance bank, two people close to the development said.

Advent International buys stake in ASK Group

December 21, 2016 | Ranjani Raghavan

Private equity firm Advent International has acquired a significant minority stake in advisory and asset management business ASK Group, it said in a statement. 

Exclusive: Madura Micro Finance gets fresh investment, Elevar clocks partial exit

December 13, 2016 | Bruhadeeswaran R

Non-banking financial company Madura Micro Finance Ltd (MMFL) has raised equity capital from new investor in its Series B round of funding, where it’s existing financial investor has partially-exited, two person close to the development told VCCircle.

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