JM Financial India Fund, a private equity fund sponsored by JM Financial, an Indian financial services firm, and Old Lane Partners, a New York based hedge fund, will invest Rs40 crore (USD 10 million) in Spandana, a microfinance company based in Hyderabad, Andhra Pradesh.
According to a JM Financial release, the investment would be used to expand Spandana’s branch network and pursue growth opportunities, both organically and through acquisitions.
Continue reading “MICROCAPITAL STORY: JM Financial India Fund in Conjunction with Old Lane Partners Invests USD 10 million into Spandana Microfinance Institution”
Similar Posts:
- MICROCAPITAL BRIEF: EIB Lends Credo Bank $10m for MSMEs in Georgia
- MICROFINANCE PAPER WRAP-UP: “Microfinance in India: Issues, Challenges and Opportunities;” by Mohammad Abu Saleh, Zubair Ahmad
- MICROCAPITAL BRIEF: FMO Committing $30m to South Asia Growth Fund III to Support Equity Placements in Businesses Reducing Environmental Impacts, Mainly in India
- SPECIAL REPORT: Partner with Agents for Impact, and We’ll Drive Impact Together!
- MICROCAPITAL BRIEF: DFC to Support Mastercard Community Pass Program to Expand Access to Digital Services in Africa, India
