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BRIEF-India's Janalakshmi Financial Services raises INR 10.30 bln
September 11, 2017 / 9:34 AM / 3 months ago

BRIEF-India's Janalakshmi Financial Services raises INR 10.30 bln

Sept 11 (Reuters) - Janalakshmi Financial Services:

* Janalakshmi Financial Services raises INR 10.30 billion

* Got funding from investors including TPG, Morgan Stanley Asia managed PE fund (NHPEA), QRG Enterprises among others

Source text - Bangalore, 11 September 2017: Janalakshmi Financial Services (JFS), India’s largest microfinance company which recently received the final licence to set-up a small finance bank (SFB), has raised new equity capital of INR 1030 crores. The current round of funding is a crucial step in enabling JFS to complete its transition into a SFB

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