Impact VC investors’ planned exit from Indian School Finance faces RBI hurdle

By Joseph Rai

  • 14 Sep 2018
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Credit: Pixabay

Manappuram Finance Ltd’s proposal to acquire Indian School Finance Company Pvt. Ltd (ISFC) has run into a regulatory hurdle, placing at peril the planned exits of two impact investment firms via a strategic sale. The Reserve Bank of India (RBI) has raised concerns with regard to the shareholding pattern and management ......

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