India: Arohan Financial plans to raise $48.6m, launch IPO in 12-15 months

India: Arohan Financial plans to raise $48.6m, launch IPO in 12-15 months

Photo: Mint

Arohan Financial Services Ltd, the Kolkata-based microfinance company, will raise around Rs350 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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