Tag Archives: IPO

New Lease of Life for Spandana Sphoorty Microfinance, Raises $270 Million

After 7 years of virtual hibernation, Hyderabad’s Microfinance lender Spandana Sphoorty Financial Ltd has raised $270 million of funding, to bail it out from the corporate debt restructuring cell (CDR). While $100 million will be in the form of equity from a Kedaara Capital-led consortium including Ontario Teachers’ Pension Plan, and the rest in the form of debt capital from ...

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CreditAccess Asia Planning IPO ?

Netherlands-based Asian microfinance holding company CreditAccess Asia is reportedly planning to invest Rs.1000 crore in Asia, including India where its subisdiary Grameen Koota is fourth largest in the country. CreditAccess Asia (CAA) has recently raised about Rs 671 crore via equity capital, including Rs 212 crore from Asian Development Bank (ADB), funding from existing investor Olympus Capital Asia and another ...

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Ujjivan Leads MFI Stocks, Equitas Equally Impressive

Backed by RBI license to start a Small Finance Bank (SFB), Bangalore-based Ujjivan adn Chennai-based Equitas have hit the IPO route this year to make a winning streak in collecting more than expected funds from the public and now they are swaying the markets. Ujjivan Financial Services shares rallied at 20% reaching to Rs 400 on Friday, while its Chennai ...

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Ujjivan Plans to go Public, to Issue IPO Soon

Bangalore-based Ujjivan Financial Services Pvt. Ltd. is likely to go public to raise funds required for it to transform into a small finance bank (SFB) next year, reported MINT citing its earlier hints at the MFI holding talks with investment banks, speculating an early January filing for IPO. Ujjivan was originally planning to raise Rs. 1,500 crore through its initial ...

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Facebook launches own search engine but no match to Google

Social Networking major Facebook has finally rolled out its own version of a new search engine rivaling 14-year-old Google but the cap is that the search is confined to what one’s friends or facebook users have shared on the social network. The feature to be called, Graph Search, will help users to search persons, friends and those in the vicinity ...

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