Muthoot Microfin shares to list on Tuesday. What GMP signals ahead of listing?

Muthoot Microfin shares to list on Tuesday. What GMP signals ahead of listing?

Muthoot Microfin listing: The shares of Muthoot Microfin will likely get listed on the exchanges on December 26. Ahead of the listing, the company’s shares are commanding a premium of Rs 26 in the unlisted market.Considering the upper price band of Rs 291, the company’s shares are expected to list with a mild premium of … Read more

IIFL Samasta aims to raise Rs 1,000 crore in public bonds

IIFL Samasta aims to raise Rs 1,000 crore in public bonds

Kolkata: IIFL Finance‘s microfinance subsidiary IIFL Samasta Finance is all set to hit the market with to raise Rs 1000 crore in its maiden public bond issue at 9.6-10.5% interest rate.One of the leading NBFC-MFI with Rs 12200 crore of assets under management, IIFL Samasta plans to use the proceeds to fund its growth and … Read more

Global PE investors warm up to India’s microfinance sector

Global PE investors warm up to India’s microfinance sector

Kolkata: Overseas private equity investors are making a beeline to raise their stakes in India’s small and micro lending landscape, which has turned around from the lows seen during Covid-19 and is again back on the growth track. In one of the biggest investments in the microfinance space in recent times, British International Investment along … Read more

Government working to enable micro finance institution to help smallest of businesses: Gadkari

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New Delhi: The government is working on a policy to enable a microfinance institution to help fund even the smallest of businesses, a move that will generate employment in the country, Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari said. “We are now preparing, we need to get approval from finance (ministry) and … Read more