Tuesday, May 15, 2007

Aavishkar Goodwell to foray into Microfinance;Dubai's Legtaum Capital Picks 51% stake in SHARE

India's leading MicroFinance Institution(MFI) SHARE to get equity support from Aavishkaar Goodwell.The private equity player is expected to buy a small stake in the firm and help the SHARE management expand its existing operations.This is after Dubai's Legtaum capital picked up 51% stake in SHARE for Rs 125 crore.

Aavishkaar Goodwell which has a "for the poor" approach generally invests in small start up's and microfinance and has build up a porfolio worth US $25 mn.On the other hand SHARE is one of India's largest MFI with outstanding loans to the tune of $95 mn and has operations in 5 Indian states.

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