Microfinance Private Equity

NMI Frontier Fund invests Rs 4 Crore in Belstar Investment and Finance

by Abhay on May 12, 2010 NMI Frontier Fund today announced an investment of approximately INR 4,00,00,000 (USD 900,000) into Belstar Investment and Finance, a microfinance institution operating principally in the Southern Indian states of Tamil Nadu and Pondicherry. Belstar is a non-bank financial company that is affiliated with Hand-in-Hand, a large, wellestablished non-governmental organization (NGO) focused on livelihood promotion. Hand-inHand is [...]

Sequoia Capital strikes gold in Manappuram Gold Loans Gets 5x returns in 2 years
by Abhay on April 28, 2010 Sequoia has sold its entire 11% stake in Manappuram General Finance and Leasing Ltd, a nonbanking finance company that provides gold loans through the open market for about Rs 340 crore. Sequoia had invested in the NBFC more than two years ago in 2007 by paying Rs 142 per share. However, the exit deal was concluded [...] { 0 comments }

RBI concerned about Private Equity funds investing in Microfinance Companies

by Abhay on April 9, 2010 RBI officials told CNBC-TV18 in an interview that was broadcast yesterday that they are yet to take a view on how to treat private equity investments in Microfinance Institions. For decades microfinance in India was always seen as a not for profit function with a social purpose but this has changed drastically in the last

Bhartiya Samruddhi Finance gets Rs 118 crore equity investment from Matrix Partners
by Abhay on April 5, 2010

In the third round of capital raising, Bhartiya Samruddhi finance (BSFL) has received Rs 100 crore from Matrix Partners India as lead investor and it will hold an 18 per cent stake in BFSL after this deal is completed. The other two investors who have invested in BSFL along with Matrix Partners India are Hivos Triodos

Equitas Microfinance receives Rs 108 Crore investment from CLSA Capital Partners
by Abhay on April 5, 2010 Equitas microfinance has reported that CLSA Capital Partners has invested Rs 108 Crore($24 million) to acquire an minority stake in the company.CLSA Capital Partners is a specialist private equity investment management firm, and invests in Asia through its Aria Investment Partners series of pan-Asian private equity funds. Aria partners with owners and managers of outstanding middle

IFMR Capital launches new website and deal portal

by Abhay on April 5, 2010 FMR Capitals website is now live at http://capital.ifmr.co.in/.Designed to promote IFMR Capitals mission of providing reliable and efficient access to debt-capital markets for institutions impacting low income households, the website provides a host of information to microfinance institutions and investors in this space, while explaining our mission and business.

ESAF Microfinance sells 10% stake to Oikocredit

by Abhay on March 31, 2010 ESAF Microfinance and Investments Pvt Ltd (EMFIL) a microfinance institution based in Kerala has sold 10% of its equity to Oikocredit of Netherlands for an undisclosed sum.After this deal the capital base of ESAF Microfinance is expected to cross more than Rs 30 crores. Last year ESAF raised USD 2.6 Million (INR 12 crore)

Utkarsh Micro Finance Pvt Ltd receives Rs 13.5 Crore investment from International Finance Corp
by Abhay on March 31, 2010

The International Finance Corporation (IFC), a member of the World Bank Group has announced that it will be investing INR 13.5 Crore (USD 300,000) in Utkarsh Micro Finance a Uttar Pradesh based startup microfinance company. In the next five years, Utkarsh expects to reach more than 5,00,000 women borrowers in the most poorly served markets

IFMR Capital structures micro loan securitisation with Grameen Financial Services Pvt Ltd.
by Abhay on March 31, 2010 IFMR Capital recently structured and arranged a Rs. 264.7 million securitisation transaction. The transaction is backed by 25,446 microloans originated by well-known Bangalore based MFI, Grameen Financial Services P. Ltd., popularly known as Grameen Koota. IFMR Capital Pioneer III, the Special Purpose Vehicle created for the transaction, has issued two tranches of securities rated by Crisil,

Leapfrog Investments expected to invest Rs 137 Crore in Microfinance and Microinsurance Companies
by Abhay on March 29, 2010 LeapFrog Investments will be investing up to Rs 137 Crore ($30.5 million) in innovative Indian insurance and financial services companies that have the potential to grow and serve the countrys fast growing micro insurance market.This amount will come from its corpus of over Rs. 506 Crore ($110 million) that it raised recently to invest

Catamaran Venture fund invests Rs 28 Crore in SKS Microfinance at discounted rate of Rs 300 per share.
by Abhay on March 27, 2010 SKS Microfinance, Indias largest microfinance entity, has filed for its draft red herring prospectus and it should be of no surprise for the readers of this blog that Infosys chief mentor N R Narayana Murthy has invested in SKS Microfinance.

Janalakshmi Financial Services raises USD 10 Million(Approx 45 Crore)

by Abhay on March 11, 2010

Janalakshmi Financial Services (JFS) which is promoted by former Citigroup Inc banker Ramesh Ramanathan has raised $10 million (Rs45.8 crore) in its second round of funding. The funding round was led by Singapore-based hedge fund Tree Line Asia Master Fund and Bellwether Microfinance Fund which has been an initial investor in the firm.

Debenture Issues
Grama Vidyal Micro Finance plans Rs 100 cr Non Convertible Debentures
by Abhay on August 13, 2009 Tiruchy-based non-banking finance company (NBFC) Grama Vidiyal Micro Finance (GVMFL) is planning to raise around Rs 100 crore by way of non-convertible debentures (NCD) over the next three months. The money will be utilised to support companys expansion plan, said S Devaraj, chairman and managing director, GVMFL.

MFI's plan to raise Rs 1000 crore through debt

by Abhay on July 14, 2009 Microfinance institutions (MFIs) are planning to raise over Rs 1,000 crore through debt instruments such as non-convertible debentures (NCDs) and commercial papers (CPs) during the current financial year. Till few months ago, only a few banks subscribed to the debt issues, but now MFIs are looking at a wider base of institutional investors, including

SKS Microfinance to raise Rs 500 crore through debt instruments

by Abhay on June 21, 2009 SKS Microfinance, the largest microfinance player in the country in terms of assets, is looking beyond pure bank funding for their business. It is set to raise Rs 500 crore through a variety of rated debt products to fund loan demands of its customers. We will raise funds through credit rated capital market products.

Spandana raises Rs 80 crore via Non Convertible Debentures

by Abhay on June 10, 2009

HYDERABAD: Spandana Sphoorty Financial, the second-largest microfinance firm, has raised Rs 80 crore by issuing one year non-convertible debentures (NCDs) redeemable at a premium of 10%. Standard Chartered Bank India has subscribed to NCDs. The Hyderabad-based company also has a greenshoe option of Rs 220 crore, which can be explored eventually with the investors.

SKS Microfinance raises Rs 75 crore from debt capital market

by Abhay on May 22, 2009 Largest Debenture issue by a MFI till date First MFI to list on the stock exchange Standard Chartered is sole book runner and lead arranger SKS Microfinance, Indias largest and the worlds fastest growing microfinance company, and Standard Chartered Bank, the countrys largest international bank, have completed a unique transaction in the debt capital market,

Yes Bank subscribes to Non Convertible Debentures of SKS Microfinance

by Abhay on March 10, 2009 Yes Bank, one of India`s leading private sector bank, announced that it has subscribed to Rs 250 million of rated Non Convertible Debentures (NCD) issued by SKS Microfinance, India`s largest and the world`s fastest growing micro-finance institution (MFI). The bond has a tenor of one year from the date of allotment with a coupon rate of