PE-backed Arohan Financial Services files for India IPO
Arohan Financial Services, an Indian microfinance institution (MFI) that was acquired by Aavishkaar Group in 2012 and went on to receive funding from several other PE investors, has filed for a domestic IPO.
The company will issue INR8.5 billion ($116.5 million) in new shares, while the likes of Maj Invest, the Michael & Susan Dell Foundation (MSDF), Tano Capital, TR Capital, and Aavishkaar will make partial...
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