India: Spandana Sphoorty gets $63m financing from Bank of Baroda, IndusInd Bank Photo: Reuters Ishita Russell January 2, 2018 Premium Hyderabad-based microfinance institution Spandana Sphoorty Financial Ltd, has raised Rs 400 crore ($63 million) from IndusInd Bank and Bank of Baroda through the issue of Pass Through Certificates. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Just-In Trending China’s PE-backed internet finance firm VCredit raises $152m in HK IPO Philippine Digest: RedDoorz enters market; Govt plans $1bn Samurai bond Temasek Group said to consider $1.32b bid for UK school group: Report GIC-backed Acuris acquires energy-focused news service SparkSpread Toyota gains access to data on driving patterns across SE Asia with $1b Grab bet Vietnam: ComfortDelgro Savico Taxi, Vinataxi merge to take on Grab UPDATE: Malaysia’s Cradle Fund CEO Nazrin Hassan dies of blast injuries Myanmar’s Delta Capital hits final close of second fund at about $70m, falls short of $100m target Guest Post | How much is Grab worth, really? Thailand’s PTT to acquire power generating firm Glow for $3b You are subscribed to our mailing list.