However, sources say that Creation Investments, another stakeholder in Fusion, is hesitant to fully back the initiative.
Motilal Oswal recommended Neutral rating on Fusion Microfinance with a target price of Rs 175 in its research report dated February 14, 2025.
The Department of Financial Services is reportedly conducting a series of consultative meetings from January 7 to 16 with the Fintech and MFI sectors to address industry challenges and gather their feedback.
Motilal Oswal recommended Neutral rating on Fusion Microfinance with a target price of Rs 165 in its research report dated November 17, 2024.
The estimated credit loss provisioning, the lender said, may undergo revisions upon finalisation of the Q2FY25 results, pursuant to the limited review by statutory auditors.
Fusion Finance posted a net loss of Rs 36 crore for Q1, as compared to a profit of Rs 120 crore in the same quarter last year.
Emkay is bullish on Fusion MicroFinance has recommended buy rating on the stock with a target price of Rs 700 in its research report dated May 07, 2024.
Motilal Oswal is bullish on Fusion Microfinance has recommended buy rating on the stock with a target price of Rs 605 in its research report dated May 07, 2024.
Motilal Oswal is bullish on Fusion Microfinance recommended buy rating on the stock with a target price of Rs 720 in its research report dated November 07, 2023.
Motilal Oswal is bullish on Fusion Microfinance recommended buy rating on the stock with a target price of Rs 740 in its research report dated August 04, 2023.
Hem Securities has come out with its report on Fusion Microfinance. The research firm has recommended to ''Subscribe'' the ipo in its research report as on October 31, 2022.
The IPOs of RateGain Travel Technologies and Fusion Micro Finance received approval from the Sebi on November 16, after filing draft red herring prospectus on August 18 and August 11, 2021, respectively.
The microfinance institution may consider a pre-IPO placement aggregating up to Rs 120 crore. If such placement is completed, the fresh issue size will be reduced.
Devesh Sachdev, the chairperson of MFIN ( self-regulatory body for NBFC-MFIs) is the founder and CEO of Fusion Microfinance. Fusion Microfinance was set up in 2010 and as of March 31, 2021, it had 2.12 million active borrowers served by 725 branches and 6,351 employees spread across 326 districts in 18 states and union territories.
Devesh Sachdev, the vice-chairman and board member of MFIN ( self-regulatory body for NBFC-MFIs) is the founder and CEO of Fusion Microfinance. Fusion Microfinance was set up in 2010 and now serves 1.8 million active customers through a network of 591 branches and 5,490 people.
Other investors which participated in the funding included a new investor GAWA and existing investors BIO and Oikocredit, the microfinance institution said in a statement today.