Manappuram-controlled Asirvad Microfinance to raise money from German impact investor

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Asirvad Microfinance, majority owned by Manappuram Finance, will raise about Rs 220 crore (€25 million) in external commercial borrowing (ECB) from a German impact investor in tranches. Invest in Visions GmbH has already committed the first tranche of €5 million in Asirvad Microfinance to address liquidity shortage faced by women borrowers ......