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Equitas files papers for IPO: Several PE, VC investors to exit – VC Circle

THURSDAY, OCTOBER 22, 2015 It is the fifth largest microfinance firm in the country Chennai-based microfinance firm Equitas Holdings Ltd has filed its draft herring prospectus with the capital markets regulator Securities and Exchange Board of India for its initial public offering (IPO). The proposed issue would make Equitas the second microfinance institution (MFI) to go …
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Grameen Koota Reaches Milestone with 1 Million Microfinance Customers

Monday, July 27, 2015 3:00PM IST (9:30AM GMT) Bangalore, Karnataka, India Bangalore-based NBFC –MFI, Grameen Koota Financial Services Pvt Ltd (Grameen Koota) has reached a new milestone of 1 million microfinance customers, in a testimony to its strong client-centric approach aimed at providing holistic financial and social services. Grameen Koota, with 3,000 employees working in …
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Equitas growth requires Rs 250 crore to continue loan book expansion

Group CFO S. Bhaskar says the microfinance business requires about Rs150 crore capital infusion Equitas Holdings is expected to end the financial year with a loan book of Rs.4,000 crore, with microfinance constituting a little over 50%, or Rs.2,100 crore, and vehicle finance contributing around Rs.1,800 crore. Equitas Holdings Pvt. Ltd, which offers microfinance, home …
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Creation Strives for Good Returns—and a Better World – MiddleMarketGrowth.org

Creation Strives for Good Returns—and a Better World DEBORAH L. COHEN | JANUARY 14TH, 2015 Small things do add up. Or so it seems for Patrick Fisher and his growing team at Chicago-based Creation Investments Capital Management. The private equity firm aims to marry healthy investor returns with a social impact mission to provide microloans to the …
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Indian Microfinance industry lending jumps 61%

N. ANAND The microfinance industry has recorded a 61 per cent jump in its loan portfolio in the second quarter ended September 30, 2014, by lending Rs.12,500 crore against Rs.7,500 crore in the corresponding period last year. The industry is represented by 48 non-banking financial companies-microfinance institutions (NBFC-MFIs), which are members of the Microfinance Institutions …
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TPG Capital to buy Janalakshmi Financial Services Ltd minority stake for Rs 610 crore ($100 million USD)

By Baiju Kalesh & Shilpy Sinha, ET Bureau | 13 Oct, 2014, 04.00AM IST MUMBAI: American private equity fund TPG Capital will purchase a minority stake in microfinance institution Janalakshmi Financial Services Ltd, promoted by former Citigroup Inc banker Ramesh Ramanathan, for Rs 610 crore, two people with direct knowledge of the plan said, signaling …
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Janalakshmi to lead investor rush into Indian microfinance sector

After Janalakshmi’s record-breaking deal, Indian MFI sector likely to raise Rs 2,000 crore ($335 million USD) in 2014 Janalakshmi Financial Services, a non-banking financial company (NBFC) focused on the urban under-served, is expected to lead the rush of private equity (PE) funds into India’s microfinance sector, signalling a strong recovery. According to sources, global PE major …
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World Bank Reports That Microcredit Works After All

The World Bank has released a report that examines microfinance in Bangladesh over the longest period yet studied. The results were quite positive: The results of the basic model unequivocally show that group-based credit programs have significant positive effects in raising household welfare including per capita consumption, household non-land assets and net worth. Microfinance increases …
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Investors Pouring More Into Impact Investments – JPMorgan

MAY 7, 2014 J.P. Morgan survey finds financial returns and impact satisfy most investors Microfinance is the fastest growing sector of social impact investing. Institutional investors expect to commit 19% more capital to impact investments in 2014 than they did last year, according to a recent survey by J.P. Morgan and the Global Impact Investing …
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Commercial Credit and Finance PLC receives Rs. 1.68 billion: the Largest International PE Investment into a Sri Lankan LFC from Creation Investments

FOR IMMEDIATE RELEASE Commercial Credit and Finance PLC receives Rs. 1.68 billion: the Largest International PE Investment into a Sri Lankan LFC from Creation Investments February 26, 2014 Chicago, IL USA – Leading emerging markets private equity investor, Creation Investments Capital Management LLC, through Creation Investments Social Ventures Fund II L.P. (collectively, “Creation”), has agreed to invest Rs. 1.68 billion (US$12.4 million equivalent) into one of Sri Lanka’s …