Startup World
|
||
|
Activity:
0 comments
677 views
last activity : 07 06 2010 20:18:04 +0000
|
||
|
|
The Singapore government sponsored investment house Temasek Holdings is close to investing $60 million or Rs 300 crore in Hyderabad based Spandana Sphoorty Financial Ltd. But according to many other sources the deal is being closed at $400 million or Rs 2,000 crore valuation.
Spandana which is a microfinance institution would be closing a $60 million deal this week.
If the deal happens then this would be third investment by Temasek in financial services space. It had earlier invested in non banking financial services company Fullerton India and also in ICICI Bank.
Spandana, like many other Micro financing institutions like SKS Microfinance, has been aggressive on the capital-raising front. It has already raised debt to fund its growth plans. In June, it raised Rs 80 crore via non-convertible debentures. Also, it recently concluded Rs 50-crore ($12 million) loan deal with Rabo Bank which is a Dutch cooperative.
Recently it is seen that Private equity and venture capital investors are serious in investing in Microfinancing sector in India, but many say that the sector is overvalued.
|
|
India Infoline offers life time free demat and trading account just pay Rs.555 at the time of... |
|
|
0 referals
3 comments,
254 views
|
|
|
Everybody wants to invest that extra income into some secured fund that will have a good growth... |
|
|
543 referals
9 votes,
770 views
|
|
|
To reduce the use of plastics we have a new rule according to which if we want a plastic bag we... |
|
|
2701 referals
24 votes,
787 views
|
|
|
|
|
|
|
|
|
Floods deluge Pak With Strategic Problems The Zardari government's inefficient handling of the... |
|
|
35 referals
4 comments,
57 views
|
|
|
INSPIRATIONAL STORY...BY AN INDIAN CEO... of a US firm! From studying under the streetlights... |
|
|
78 referals
11 comments,
630 views
|
|
|
Recovery of its due has been a hectic exercise for the Banks in the absence of a special... |
|
|
1 referals
1 comments,
0 views
|
|
|
|
|
|
|
Dear friend to build a brand it is necessary to see the culture of the people living in that area. Rural areas are developing areas so brands that are economical to people should be promoted in the beginning to hit the target. When you promote a... |
IT major IBM today announced an agreement to acquire the business of RedPill Solutions, a privately-held company headquartered in Singapore. RedPill provides advanced customer analytical services to businesses in industries such as financial... |
A consortium of Indian telecom companies and a Malaysian investor will buy a 46 percent stake in Kuwaiti telecom Zain, an official with major shareholder Kharafi Group said on Tuesday. The group will pay 2 dinars a share in a deal that values the... |