Motilal Oswal PE buys minority stake in Fincare Small Finance Bank for about ₹185 crore

Motilal Oswal PE buys minority stake in Fincare Small Finance Bank for about ₹185 crore
May 03, 2021
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The deal provides partial exit to True North Fund V LLP, one of the key investors in the firm
Motilal Oswal Private Equity (MOPE) has picked up a minority stake in Fincare Small Finance Bank for $25 million (about ₹185 crore) through a secondary acquisition. The deal provides partial exit to True North Fund V LLP, one of the key investors in the firm.
The deal was done by India Business Excellence Fund–III, a fund managed and advised by MOPE, it said in a statement.
Vishal Tulsyan, Managing Director and CEO of MOPE, said: “Over the past decade microfinance has established itself as an asset class with potential for high growth and profitability. Based on our assessment, a small finance bank is the best platform to capitalise on this opportunity.”

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