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Private Equity | 27 March 2012

Michael & Susan, Bellweather May Exit Ujjivan Financial

by Charmi Gutka
 
@charmi

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 @LokCapital_I 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.

HealthCare Global To Raise R50Cr PE Funding

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Persistent Systems Buys Content Discovery Portal Hoopz

BSE listed software product developer Persistent Systems Limited has acquired Pune-based mobile advertising firm, Hoopz Planet Info Private Limited, strengthening its foothold in the technology and data discovery space. The financial details of the deal remain undisclosed.

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