Manappuram Finance plans to raise capital though private equity
  • WebDesk BTVI
  • Apr 05 2019

Manappuram Finance infused Rs 264 crore in its microfinance arm Asirvad Microfinance Ltd and now holds 93.33% stake. VP Nandakumar, MD & CEO, said the company plans to raise capital through private equity. On being asked if the firm is looking shift focus on microfinance from gold loan, he said the firm doesn’t intend to cut down on gold loan growth, but expand business in other areas simultaneously.