ஆசிர்வாத் மைக்ரோபைனான்ஸ் லிமிடெட்          Asirvad Microfinance Limited          आशीर्वाद माइक्रोफिनॅन्स लिमिटेड         ആശിർവാദ് മൈക്രോഫിനാൻസ് ലിമിറ്റഡ്          ಅಸೀರ್ವಾಡ್ ಮಿಕ್ರೊಫಿನನ್ಸೆ ಲಿಮಿಟೆಡ್          ਅਸਿਰਵਾਦ ਮਿਕਰੋਫਈਨਂਸੇ ਲਿਮਿਟੇਡ          ଆଶୀର୍ବାଦ ମଇକ୍ରୋଫାଇନାନ୍ସ ଲିଃ          আশির্বাদ মাইক্রো ফাইনান্স লিমিটেড

Manappuram infuses ₹264 cr in Asirvad

Thursday, April 03, 2019

The Hindu Business Line

Manappuram Finance, on Wednesday, announced that it has infused ₹264 crore in its microfinance arm, Asirvad Microfinance, through a rights issue. After this transaction, Manappuram will hold 93.33 per cent stake in the microfinance entity. Promoted by SV Raja Vaidyanathan and his family members in 2007, Asirvad was acquired by Manappuram in February 2015. “The recent capital infusion by the parent company Manappuram will enable Asirvad’s portfolio to grow from the present level of ₹3,800 crore to more than ₹5,500 crore by March 2020,” said Raja Vaidyanathan, MD, Asirvad Microfinance.

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