India: Kedaara Capital in talks to pick stake in Spandana Sphoorty Financial

India: Kedaara Capital in talks to pick stake in Spandana Sphoorty Financial

Spandana Sphoorty MD Padmaja Reddy says after the stake sale to Kedaara Capital, the microfinance firm will have net owned funds worth Rs700 crore and debt of Rs1,000 crore as of 31 March. Photo: Bharath Sai

Seven years after being hit by the microfinance crisis that originated in Andhra Pradesh, control of microfinance lender Spandana Sphoorty Financial Ltd is set to change hands.

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