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Private Equity | 27 March 2012

Michael & Susan, Bellweather May Exit Ujjivan Financial

by Charmi Gutka
Michael & Susan, Bellweather May Exit Ujjivan Financial
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The Michael & Susan Foundation and Bellweather Microfinance is planning to exit Ujjivan Microfinance, according to ET.

The investors are planning to sell their shares at R57 apiece and existing investor Lok Capital and an unnamed venture capital firm may be interested in acquiring the stake.

Michael & Susan Foundation invested in Ujjivan in June 2006 for 13.48% stake.

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