Thursday, 15 August 2013
Deal Alert: Tata Capital, Morgan Stanley invest Rs.350-Cr in MFI Janalakshmi
Posted on 20:46 by Unknown
PE funds including Tata Capital and Morgan Stanley Global Private Equity will pick up a significant minority stake in fourth round of funding for urban micro-lender Janalakshmi Financial Services for Rs.350 crore. Janalakshmi, promoted by former Citibanker Ramesh Ramanathan, offers services to 50,00,000 customers across 47 cities and has applied for a licence to transform itself into a bank.
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