ESAF Microfinance and Investments Private Limited has raised INR 475 Mn through private placement of NCD’s which has been issued to Triodos Fund, a social investment fund from Netherlands owned by Triodos Bank.
The issuance arranged by Unitus Capital has been fully subscribed.
The Kerala based NBFC counts Dia Vikas Capital, a subsidiary of Opportunity International, Australia, and Manaveeya Holdings, a subsidiary of Oiko Credit Netherlands among its other social investors.
ESAF had managed to raise INR 5,600 Mn from banks and through securitisation during the last fiscal.
With cumulative loan disbursement stood at INR 30 Bn during the year, its networth stood at INR 129 Mn as on March 31.
The MFI covers 34 districts and reaches out to more than 6.5 lakh members.
Triodos had recently invested in INR 500 Mn in Grameen Koota by subscribing to rated, secured, transferable, redeemable, listed NCD’s of the company.
Surana Ventures Limited is planning to raise $50 Mn (c.INR 3000 Mn) by way of of issue of either Global Depository Receipts (GDRs), qualified institutional placement (QIPs) or redeemable preference shares to part fund the company’s expansion plans.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.