Narayan Murthy betting big on Microfinance ? Image credit - The Indus Entreprenuers
Infosys Technologies Ltd’s founder N.R. Narayana Murthy who has founded a Rs 600 crore venture capital fund by the name of Catamaran Investment Pvt. Ltd is likely to make its first investment in SKS Microfinance Ltd, SKS Microfinance will be the first Indian microfinance institution to hit the market with an initial public offering (IPO) this year.
Reuters Reports
N R Narayana Murthy’s Catamaran may invest in SKS pre-IPO sale
(As per market sources who do not wish to be named SKS Microfinance is yet to file its DRHP with SEBI but its IPO is expected to open in 3-4 months time with an issue size that could between Rs 2000-3000 Crore and a price band that could vary between Rs 500-Rs 800 per share .)
Related Posts
- Narayan Murthy sells Infosys stocks to start Venture Capital fund
- Interview with Narayan Murthy on Entrepreneurship
- India Financial Inclusion Fund to invest in Sonata Microfinance
- Belgian firm Incofin acquires stake in Asomi Microfinance
- Temasek Holdings to acquire 10% stake in Spandana Microfinance
- IFC eyes stake in Chennai MFI Belstar investment
- Aavishkar Goodwell acquires significant minority stake in Shre Pathrakali Finance
- Rabo Private Equity to invest in Future Groups Cash and Carry
- Astonfield to invest $2 bn in renewable energy sector
- George Soros to invest $1Billion in Clean Technology
- India Likely to Invest 1 Trillion Rupees in Renewable Energy by 2012
- SKS Microfinance gets Rs 50 crore funding from Bajaj Allianz
- Bandhan Microfinance raises 50 Crore(US $10.7 million) from SIDBI
- SKS Microfinance raises more than Rs 100 Crore(USD-21.5 Million Approx) from NCD’s
- SKS Microfinance – Sequoia becomes promoter to file DRHP within a month
{ 1 comment… read it below or add one }
I am employee of SKS Moicrofinance as a internal auditor associate. and i feel very glad for work in this company.