The first of the MFI restructurings is coming to a close. Small Industries Development Bank of India (SIDBI) along with 10 other banks have recast debt of unlisted MFI future financial services without adding any fresh loans.
The CDR is accompanied by the promoters selling part of their stake to a PE fund called India Value Fund. This fund is promoted by investors like Ashok Wadhawa and Gaurav Dalmia. CNBC-TV18
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