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Private Equity | 18 April 2012

Janalakshmi MFI To Raise R50Cr, Lok Capital May Exit

by Charmi Gutka
Janalakshmi MFI To Raise R50Cr, Lok Capital May Exit
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@Charmi
@Janalakshmi_Financial Pvt Ltd is planning to raise upto R50Cr from PE investors. This deal will provide an exit route to @LokCapital_I, the Michael and Susan Dell Foundation and @Bellwether who funded the company when it was set up in 2007.

It also has plans to raise additional capital of R80Cr to R100Cr in 2012-13 in order to achieve its planned scale of business operations.

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