India Digest: Nisus Finance plans $40m fund, L&T General Insurance, HDFC Ergo may merge, Kedaara may buy stake in Madura Microfin

India Digest: Nisus Finance plans $40m fund, L&T General Insurance, HDFC Ergo may merge, Kedaara may buy stake in Madura Microfin

While private equity firm Nisus Finance is planning to raise a $40 million offshore fund, L&T General Insurance and HDFC Ergo are in talks for a merger. Also, Kedaara Capital is looking to acquire 25-30% stake in Madura Microfinance.

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