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Gujarat-based microlender M Power in talks to raise $8M in FY14

By Bruhadeeswaran R

  • 28 May 2013
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Gujarat-based microlender M Power in talks to raise $8M in FY14

Gujarat-based M Power Micro Finance Pvt Ltd, which was among the microfinance institutions (MFIs) that began operations just few months before the Andhra Pradesh regulatory crisis, is in talks for its first private equity investment.“We are planning to raise equity capital of up to Rs 35 crore ($6.3 million) in ......

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