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Muthoot Microfin gets Sebi approval for Rs 1,350-crore IPO

The NBFC-MFI had filed draft papers with the market regulator in early July seeking approval for the IPO, which comprises a fresh issue of equity shares for raising Rs 950 crore and an offer for sale aggregating up to Rs 400 crore.

muthoot microfin ipo: Muthoot Microfin refiles DRHP with Sebi for Rs 1,350 crore IPO

Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, has filed draft papers with market regulator Securities and Exchange Board of India (Sebi) to raise Rs 1,350 crore via initial public offering (IPO). The IPO will consist of a fresh issue of equity shares worth Rs 950 crore and an offer for sale of up to Rs 400 crore. This is the second time the company has filed a draft red herring prospectus (DRHP) with Sebi for an IPO. The lenders net profit for FY23 was Rs 203 crore, and its gross non-performing assets ratio improved to 2.9% at the end of March.

Creation Investments invest $12 million debt capital in three Indian companies

Creation Investments invest $12 million debt capital in three Indian companies Top Searches Creation Investments invest $12 million debt capital in three Indian companies John Sarkar / TNN / Apr 12, 2021, 20:57 IST FacebookTwitterLinkedinEMail NEW DELHI: Creation Investments Capital Management LLC, a leading private capital investor in developing markets financial services, has provided $12 million in debt capital to three non-bank financial companies in India. Working in partnership with CredAvenue, a subsidiary of Vivriti Capital, Creation’s investment aims to help people and businesses in India with little access to financial services. These investments are from the first tranche of a $100 million India-focused debt fund launched by Creation earlier this year. The fund is focusing exclusively on providing debt financing to non-bank financial companies serving the Indian population in areas such as microlending, affordable housing, vehicle loans, small- and medium-enterpr

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