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Aavishkar, Lok Capital invest Rs 20 cr in Suryoday

Firm says fresh capital will be used to strengthen its presence in Maharashtra, Tamil Nadu, Gujarat, Orissa
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First Published: Mon, Jan 28 2013. 07 58 PM IST
Started in 2009, Suryoday Microfinance has a loan book of Rs115 crore to 145,000 customers.
Started in 2009, Suryoday Microfinance has a loan book of Rs115 crore to 145,000 customers.
Mumbai: Mumbai-based Suryoday Microfinance on Monday said it has raised Rs20 crore in equity capital from two existing investors—Aavishkaar Goodwell and Lok Capital.
The fresh capital will be used to strengthen its presence in Maharashtra, Tamil Nadu, Gujarat and Orissa, the microlender said in a release. Started in 2009, Suryoday Microfinance has a loan book of Rs115 crore to 145,000 customers.
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First Published: Mon, Jan 28 2013. 07 58 PM IST
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