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ANNAPURNA FINANCIAL SERVICES
Annapurna Swadisht public issue to open on Sept 15; price band fixedSome of the marquee investors such as Shankar Sharma, Amit Bhartia-erstwhile Partner, GMO Singapore Pte, have invested in the pre-IPO fundi...
Shankar Sharma invests in IPO-bound Annapurna SwadishtShankar Sharma has come onboard in his personal capacity, said the Annapurna Swadisht press release. Sharma and a few other investors bough...
Annapurna Swadisht files DRHP with Sebi for IPOAccording to the company's DRHP, the proposed issue will comprise the issuance of fresh 43.22 lakh equity shares, with a face value of Rs 1...
NBFC-MFIs set to tap capital marketWhile one NBFC-MFI is looking to raise capital by way of the initial public offer, others will sell shares mostly on a private placement ba...
Annapurna Finance raises Rs 260 cr in latest funding roundThe MFI lender has a pan India rural distribution network, offering micro-credit loans, home improvement, and MSME loans to individuals and...
UK's CDC Group invests Rs 320 crore in pooled bond issuance of 6 Indian MFIsThe investment -- the first ever by CDC in a pooled bond structure -- is aimed at providing systemic liquidity to these lenders.
Good news: MFIs quadruple bond sales this yearCreditAccess Grameen, Arohan, Asirvad, Samasta, Svatantra and Spandana are among the MFIs that have tapped the market via regulatory window...
Bandhan Bank, small finance banks emerge as job creators amid coronavirus pandemicThese lenders are in the process of raising staff strength by 5-10% in the next three-four months, although several others in the sector mi...
Liquidity tap opens for micro lenders and housing finance companiesThe two key refinanciers with specific mandates are granting loans from the Covid-special refinance window opened by the RBI, raising hopes...
Non-bank lenders seek to tap unused credit lines to manage liquidityThey are seeking the unused sanctioned limits even though they have not fully disbursed the funds lying with them. This is because the halt...
DFID's Development Capital exit proves the investment approach to Microfinance worksDFID India has a track record on promoting financial inclusion when it earlier financed two successful India programmes.
Warburg Pincus in talks to invest up to $100m in Fusion MicrofinanceWarburg will acquire stake in the New Delhi-based mid-sized non-banking financial company (NBFC) from existing investors along with a prima...
Belgium's Incofin plans $80-million India Progress FundBhandari said the India-fund would focus on investing in financial services, food and agricultural sector with 50-70% contribution from int...
IDFC bank’s efforts to meet priority sector lending norms to help microfinance firmsIDFC Bank confirmed that it is looking to buy priority sector loans without discussing the names. Currently, the bank on-lends to these ins...
MFIN elects R Baskar Babu as new presidentBaskar Babu replaced previous president Manoj Nambia, managing director of Arohan Financial Services.
IFMR Capital structures Rs 98-crore debt from 11 Mutual Fund InstitutionsIFMR Capital today said it has structured the first CBO (collateral bond obligation) deal in the micro-lending space in the country.
- Kotak Mahindra Bank slaps legal notice on Trident
Kotak Mahindra Bank has slapped a legal notice on Trident Microfin for defaulting on a loan it has availed from the private sector lender.