Lok Capital ups stake in Ujjivan MFI, Bellwether exits
Lok Capital has reportedly upped its stake in India’s Ujjivan Microfinance by acquiring the 7% held by microfinance investor Bellwether. Another shareholder is set to exit its stake by the end of August.
Bellwether, which invested in the MFI in 2005, reaped returns of around 24% from the deal, according to sources cited by The Business Standard. Private charity the Michael & Susan Dell Foundation, which...
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