MICRO FINANCE

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.

How microfinance lenders have become hot targets for financial services firms

December 08, 2016 | Bruhadeeswaran R

The inability to tap private equity investors by fund-starved small- to medium-sized microfinance companies (MFIs) has created a market full of attractive targets for banks and non-banking financial companies (NBFCs) which are seeking new avenues of growth as well as trying to tide over the compe

India Infoline to acquire Samasta Microfinance

November 17, 2016 | Bruhadeeswaran R

India Infoline Finance Ltd will acquire Samasta Microfinance Ltd to enter the microfinance segment and extend its offerings, the non-banking finance company’s parent said on Thursday.

Exclusive: Essel Finance in talks to buy a small microlender

November 14, 2016 | Bruhadeeswaran R

Subhash Chandra-promoted diversified business group Essel has started engaging with microlenders for an acquisition after its efforts to buy Bangalore-based microfinance firm BSS Microfinance Pvt. Ltd (BSS) did not materialise early this year. 

Exclusive: Microlender Arohan to raise fresh capital; early investors to exit

November 08, 2016 | Bruhadeeswaran R

Kolkata-based microfinance institution (MFI) Arohan Financial Services Pvt. Ltd is in talks with investors to raise a fresh round of equity capital, a top executive told VCCircle. 

Exclusive: M Power Micro Finance to raise capital, early investor trims stake

November 03, 2016 | Bruhadeeswaran R

Gujarat-based M Power Micro Finance Pvt. Ltd is in an advanced stage of discussions for an equity infusion even as one of its early investors has partially encashed its investment in the firm, a top executive told VCCircle.

Exclusive: Annapurna Microfinance plans fresh fund-raise; early investor to exit

October 12, 2016 | Bruhadeeswaran R

Bhubaneswar-based non-banking finance company Annapurna Microfinance Pvt.

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