IntelleCash acquires Arohan MFI3 min read . Updated: 14 Sep 2012, 12:11 AM IST
Deal marks first major acquisition in microfinance sector since industry was hit by a crisis in late 2010
Mumbai: IntelleCash Microfinance Network Co. Pvt. Ltd, a subsidiary of investment banking services and advisory firm Intellectual Capital Advisory Services Pvt. Ltd (Intellecap), has taken a controlling stake in Kolkata-based microlender Arohan Financial Services Pvt. Ltd through a series of complex transactions for 52 crore.
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