GIC joins existing investors TPG and others to back Janalakshmi
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GIC joins existing investors TPG and others to back Janalakshmi

By Anuradha Verma

  • 07 Mar 2016
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GIC joins existing investors TPG and others to back Janalakshmi
Ramesh Ramanathan, Founder and Chairman of Janalakshmi

Singapore's sovereign wealth fund GIC is joining a few existing shareholders of Janalakshmi Financial Services Pvt Ltd to invest in India's top microlender, indicating its increasing appetite for backing microfinance firms that are morphing into a new generation of banks.GIC, one of the most active sovereign funds in the country ......

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