by Harriet Ritchie -

MICROCAPITAL BRIEF: SEBI Approves $180m IPO by Microfinance Institution Fincare SFB of India

The Securities and Exchange Board of India (SEBI) recently approved plans by Fincare Small Finance Bank (SFB), an Indian microfinance provider, to proceed with an initial public offering (IPO) of up to INR 13.3 billion (USD 180 million), of which

by Sophie Fiala -

MICROCAPITAL BRIEF: True North Sells $25m Stake in Fincare SFB, Provider of Microfinance in India, to Motilal Oswal Private Equity

Two India-based private equity firms recently exchanged a minority stake in India’s Fincare Small Finance Bank (SFB). Motilal Oswal Private Equity (MOPE) bought the shares through its India Business Excellence Fund-III for USD 25 million from True North. Although the size of the stake has not been disclosed, True North previously held 7.25 percent of the shares of Fincare SFB and