Sterling expects to get around Rs 187 crore through preferential issue which will be around 23.2 percent.
Four years before the phrase ‘stay foolish‘ was made cool by Steve Jobs, thousands of Bangaloreans were already proudly foolish.
In an attempt to aid its expanding loan portfolio, Janalakshmi Financial Services raised Rs 325 crore by selling its stake to different entities. By doing so, the company aims to aid its expanding loan portfolio, reports CNBC-TV18's Vineetha Athrey.
At long last the banking sector has been opened to the big guns of corporate India. The Budget has had only a day's impact on the market. But the release of final rules on how new bank licenses will be issued will have a longer lasting impact on the economy and financial sector.
The Reserve Bank of India has relaxed guidelines for all non-banking financial company-micro finance institutions (NBFC-MFIs). In an interview to CNBC-TV18, Ramesh Ramanathan, chairman of Janalakshmi Financial Services analyses the new guidelines.
Bangalore-based urban microlender Janalakshmi Financial Services raised Rs 65 crore from Citi Venture Capital International (CVCI which is based out of London. Ramesh Ramanathan, Chairman of the company, in an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, spoke about the latest happenings in his company and the road ahead.