Arohan Financial to raise ₹ 350 crore, plans IPO in 12-15 months2 min read 10 Sep 2018, 06:17 AM IST
Arohan Financial will use the funding from promoters Aavishkaar-Intellicap and others to strengthen its capital adequacy ratio to expand in the 10 low-income states it is currently present in, says MD Manoj Kumar Nambiar
Mumbai: Arohan Financial Services Ltd, the Kolkata-based microfinance company, will raise around ₹ 350 crore from its promoters and existing investors to strengthen its presence in east and north India, a top company official said. The micro financier is also looking to launch its initial public offering (IPO) in the next 12-15 months to help some of its investors sell their stakes.
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