Global investment firm Siguler Guff invests $33.1M in Indian microfinance NBFC Spandana Sphoorty, acquiring a 3.5% stake.
Siguler Guff, a global investment firm with $16B AUM, invests INR 240 crore ($33.1M) in Spandana Sphoorty Financial Ltd, an Indian microfinance NBFC-MFI, acquiring a 3.5% stake. Siguler Guff sees India as a key market, supporting Spandana's growth potential and reputation for risk management. Spandana, specializing in rural income loans to women, has Assets Under Management of Rs 11,970 crore.
May 06, 2024
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