Spandana, one of the top 5 microfinance institutions in India receives Rs.40 crores as equity investment from JM Financial India Fund. JM Financial India fund is a brokerage house of Morgan Stanley.
read more:
http://www.business-standard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=25236
Equity investors expect various rates of returns from microfinance institutions- bellweather and aavishkar expect between 6-8% while smaller equity investors expect somewhere close to 30% returns. I don't know about the details of this deal yet but do look for updates.
read more:
http://www.business-standard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=25236
Equity investors expect various rates of returns from microfinance institutions- bellweather and aavishkar expect between 6-8% while smaller equity investors expect somewhere close to 30% returns. I don't know about the details of this deal yet but do look for updates.
posted by Unknown at 3:52 AM
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