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SVASTI MICROFINANCE
Svasti Microfinance raises Rs 47.5 croreAdar Poonawalla-backed Svasti Microfinance secured ₹47.5 crore from key investors, including Abler Nordic and Rajiv Dadlani Group. This fun...- Svasti Microfinance bags Rs 31 cr from Poonawalla, othersSvasti Microfinance has raised Rs 31 crore from India’s vaccine billionaire Adar Poonawalla and other existing investors Nordic Microfinanc...
- Nordic Microfinance Initiative raises its investment in Svasti MicrofinanceNordic Microfinance Initiative (NMI) has raised its investment in Mumbai-based Svasti Microfinance while Michael & Susan Dell Foundation an...
- Svasti Microfin gets Rs 34 croreSet up in 2010, the company has a loan portfolio of Rs 255 crore and services 1,41,000 customers in four states through 38 branches.
- 5 investors may join Brookfield for East West buyNegotiations are believed to be ongoing to include private sector banks like ICICI or state-run Bank of Baroda too.
- Marquee investors exit from Indian microfinance companiesAccording to IFMR Capital, the NBFCMFIs have raised equities worth Rs 2,300 crore in the past few months.
- Loan pooling turning popular among NBFCsThese loans are bundled together and backed by a common guarantee provided by IFMR Capital.
- Hinduja Leyland Finance buys Rs 107-crore worth loans from MFIsHinduja Leyland Finance has bought the pooled loan portfolios against the loan receivables of companies operating across segments such as m...
- 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.
- Social funds prop up cash-starved MFIsMFIs are finding support from social & philanthropic funds. Sector's traditional sources of funding have dried up following accusations tha...
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