Press Releases

Satin receives credit rating upgrades following their Rs. 100 crore equity and debt capital raise (August ’11)

July 25, 2011 Press Releases

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Satin Creditcare Network Limited (“Satin”), a North India-based microfinance institution headquartered in Delhi, is pleased to announce that CARE Ratings has reviewed Satin’s operational and financial performance for financial year 2010-11 and has upgraded the MFI grading to MFI 2 and maintained the rating for non-convertible debentures (“NCDs”) at CARE BBB-. The ratings upgrade follows the… Read more >

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Janalakshmi Financial Services closes series C funding for expansion (June ’11)

June 22, 2011 Press Releases

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Janalakshmi Financial Services, a Bangalore based NBFC Microfinance Institution promoted by Ramesh Ramanathan, announced the raise of capital as part of its Series C round. Citi Venture Capital International (CVCI), a leading global investment firm has taken a significant minority stake in the company as part of this round. Other participants were existing investors in… Read more >

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Vindhya e-Infomedia raises PE capital from ACCION & Michael & Susan Dell Foundation (March ’11)

March 17, 2011 Press Releases

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Bangalore, March 17, 2011: Bangalore-based BPO Vindhya e-Infomedia (Vindhya) has successfully raised venture funding from two leading socially-committed investors, ACCION International and the Michael & Susan Dell Foundation. Unitus Capital was the sole advisor to Vindhya for the transaction. Vindhya’s customer base primarily comprises of info-tech and microfinance companies to whom the company offers data management… Read more >

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Grameen Koota Raises Rs.35 Crores through Non-Convertible Debentures (Feb ’11)

February 24, 2011 Press Releases

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Bangalore-headquartered Grameen Financial Services Private Limited (popularly known as Grameen Koota) has raised INR 35 crore (~USD 8 mn) of debt capital through an issuance of secured, redeemable, nonconvertible debentures (NCDs) to DWM (Cyprus) Limited, a member of the Developing World Markets (DWM) group of companies. This is Grameen Koota’s second NCD issuance, having previously… Read more >

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Ujjivan Raises Rs.40 Crores through Non-Convertible Debentures (Jan’11)

January 5, 2011 Press Releases

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Bengaluru, January 5, 2011: Bangalore-headquartered, Ujjivan Financial Services, a leading microfinance institution with pan-India presence, has raised INR 40 Crores of debt capital through issuance of listed, secured, redeemable, non-convertible debentures (NCDs) to DMW (Cyprus) Limited , a member of the Developing World Markets (DWM) group of companies. Unitus Capital is the exclusive financial advisor… Read more >

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