Photo: Bloomberg

Photo: Bloomberg

Jacob Ballas to invest $38 mn in Religare unit

Jacob Ballas to invest $38 mn in Religare unit

Mumbai: Financial services company Religare Enterprises said private-equity firm Jacob Ballas would invest 200 crore ($38 million) in its non-banking financial unit to help expand its business.

Photo: Bloomberg

Religare Finvest, a non-banking financial company, provides debt capital to micro, small and medium enterprises. As of 30 September 2011, it had loaned 11,380 crore to more than 25,000 companies.

Private-equity fund Avigo Capital had invested 150 crore in Religare Finvest in November last year.

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