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DEVESH SACHDEV
Devesh Sachdev joins credit platform GLAAS as co-founder, invests USD 5 mnSachdev previously founded Fusion Finance Ltd. GLAAS aims to lead embedded credit for MSMEs in India. The company is strengthening its NBFC...- Rs 800 crore rights issue to boost capital adequacy, strengthen balance sheet: Fusion Finance CEOFusion Finance is raising Rs 800 crore via a rights issue to boost capital adequacy beyond 30%. With improved liquidity and tighter underwr...
- Warburg, other promoters to infuse capital in Fusion Finance despite its worseing financial healthWarburg held 32.83% in Fusion through its affiliate Honey Rose Investment as of December-end last year. Chicago-based Creation Investments,...
- Fusion Finance to make higher ECL provisioning, launches CEO search; shares tank 10%Fusion Finance anticipates an increase in its Estimated Credit Loss provisioning to Rs 500-550 crore in Q2FY25 from Rs 348 crore in Q1FY25....
- Fusion Finance Q1 Results: Microfinance company reports Rs 36 crore loss versus profit a year agoThe lender's credit cost, which signals the share of provisions as a percentage of on-book loan portfolio, jumped to 3.38% for the quarter ...
- Fusion MicroFinance Q4 results: Net profit up 16% to Rs 133 croreFusion MicroFinance Q4 results: “We closed a very successful FY24 with the highest ever profit after tax, consistent growth in AUM, healthy...
- Fusion Micro Q4 net up nearly nine-fold on business growthFusion managing director Devesh Sachdev expects the NIM to further improve to 11-11.5% once the churning of the portfolio completes with hi...
- Optimum net interest margin for NBFC-MFIs should be 11-11.5%: Fusion Microfinance MDThis is 100-150 basis points higher than the 10% margin cap these lenders used to follow before deregulation of lending rates for NBFC-MFIs...
- Warburg-backed Fusion Microfin's public issue to open on Nov 2Those selling shares in the OFS are - Devesh Sachdev, Mini Sachdev, Honey Rose Investment, Creation Investments Fusion, LLC, Oikocredit Ecu...
- Fusion Microfinance to launch IPO on November 2. Here are the detailsUnder the OFS, promoter Devesh Sachdev will present up to 6.5 lakh equity shares. Further, Mini Sachdev will sell up to 1 lakh shares while...
- Fusion Microfinance seeks Sebi's nod for IPOThe proposed initial public offer (IPO) will include a fresh issue aggregating up to Rs 600 crore and an offer for sale.
- Fusion Microfinance raises 10 million euro in debt from BIBThe capital will help the Delhi-based MFI to on-lend to women borrowers from low-income households, increasing their access to finance.
- Manoj Kumar Nambiar re-elected as MFIN chairpersonHe is currently with the Aavishkaar Group as the managing director of Arohan Financial Services Ltd. He joined MFIN board in 2013 and was a...
- Fusion Microfinance raises Rs 500 crore from Warburg Pincus, othersIn December 2018, Warburg had invested Rs 520 crore in the company which achieved a 45 per cent growth in assets under management in 2018-1...
- Fusion Microfinance cuts interest rate to 23 per cent for existing customersNew customers will be able to avail loans at 23.5 per cent now instead of previous 24.6 per cent rate. The new rate of interest will be eff...
- Fusion Microfinance raises Rs 80 crore from existing investorsThe equity raising took place over the last two months and concluded a few days back, chief executive Devesh Sachdev told ET.
- Fusion Microfinance to raise Rs 400 crore by March, hire 1,000 more employeesFusion Microfinance also plans to hire another 1,000 employees in this calender year taking the headcount to over 4,000, company's CEO and ...
- MFIN re-elects Rakesh Dubey as its presidentThe industry association and self-regulator for the NBFC-MFIs has also elected Devesh Sachdev, chief executive of Fusion Microfinance as vi...
- Fusion Microfinance raises Rs 162 crore equity from overseas PE firmsThe company also intends to invest in manpower and technology which would in turn bring down operational cost and help reduce lending rate.
- Faircent.com raises capital from a clutch of investors to fuel expansionGurgaon - based peer- to-peer lending pioneer Faircent.com on Wednesday said it has raised capital at an enterprise valuation of $4 million.
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