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MUMBAI/BANGALORE: A consortium ofprivate equity (PE) funds including Tata Capital’s PE fund and Morgan StanleyGlobal Private Equity will pick up a significant minority stake in urbanmicrolenderJanalakshmi Financial Servicesfor close to Rs 350 crore, signallingconfidence in the long-term potential of themicrofinance industry after being shattered by the financial crisis in Andhra Pradesh. The infusion of fourth round of funding comes at a time when former Citi banker Ramesh Ramanathan-promoted non-banking finance company has …
Read More »Private equity funds to buy stake in Janalakshmi Financial Services
