MICROCAPITAL STORY: New Zealand-based Billionaire’s Legatum group buys $4.5 million Stake in Indian Microfinance Firm

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    Thursday, May 31, 2007

    MICROCAPITAL STORY: New Zealand-based Billionaire’s Legatum group buys $4.5 million Stake in Indian Microfinance Firm

    » Posted by in Category: Deals at 11:51 pm

    This story comes to us courtesy of LiveMint.com, a division of the Wall Street Journal.

    New Zealand billionaire Christopher Chandler’s Legatum group bought a $4.5 mn (184,500 Rs) stake in Mumbai-based Financial Information Network & Operations Ltd (FINO). Legatum is a United Arab Emirates-based investment group. Mr. Chandler’s group says that this investment will not only help spur growth in

    India    ’s microfinance industry but will also give them a strong foothold in the industry.
    Continue reading “MICROCAPITAL STORY: New Zealand-based Billionaire’s Legatum group buys $4.5 million Stake in Indian Microfinance Firm”

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