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BSFL raises Rs118 crore from three investors

BSFL raises Rs118 crore from three investors
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First Published: Tue, Apr 06 2010. 12 12 AM IST
Updated: Tue, Apr 06 2010. 12 12 AM IST
Mumbai: Microfinance provider Bhartiya Samruddhi Finance Ltd (BSFL) on Monday raised Rs118 crore from three investors—Matrix Partners India, Hivos-Triodos Fonds and Lok Capital—to close its its Series C fund raising, the firm said in a media statement.
BSFL is the flagship company of the BASIX Group.
‘Mint’ had on Monday reported that three investors were likely to pick up a 15% stake in the microfinance institution.
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First Published: Tue, Apr 06 2010. 12 12 AM IST