alexa
Indianmoney.com Missed Call Number
 
Home News Kedaara Capital eyeing stake in microfinance firm Spandana Sphoorty

Read more interesting news from around the globe with Indianmoney App

Google Play
 
Get the Best Financial Advice on Mutual FundsClick Here
 
 
Kedaara Capital eyeing stake in microfinance firm Spandana Sphoorty

Kedaara Capital eyeing stake in microfinance firm Spandana Sphoorty

Friday, March 17, 2017, 12:56 PM

Spandana Sphoorty is in talks with Kedaara Capital to sell over 26% stake in the firm, seven years after being hit by the microfinance crisis in Andhra Pradesh. Company also said it has received in-principle approval from RBI for the proposed deal. After the stake transfer, company will have net owned funds worth Rs700 crore and debt of Rs1,000 crore as of 31 March.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Get It now!