Dubai's Legatum invests $25 million in Share Microfin, picks 51% stake

Submitted by Nitin Rao on May 16, 2007 - 11:46.
Published in: | |
May 15, 2007 - 15:20, Live Mint
Dubai's Legatum invests Rs125 cr in Share Microfin, picks 51% stake

http://www.livemint.com/2007/05/16005006/Dubais-Legatum-invests-Rs125.html
In the second major investment by a foreign investor in an Indian microfinance firm, Legatum Capital, a Dubai-based privately-owned finance firm, committed a $25 million (Rs125 crore) investment in Share Microfin Ltd, a Hyderabad-based microfinance institution which is India’s largest.

Recently, Sequoia Capital, one of the largest venture capital firms in the world, led a consortium that invested $11.5 million in SKS Microfinance, India’s second-largest microfinance firm.

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