India: Utkarsh Micro Finance to raise $53m from domestic investors

India: Utkarsh Micro Finance to raise $53m from domestic investors

Utkarsh Micro Finance Pvt. Ltd, one of the 10 non-banking financial companies that won a small bank licence, is set to raise Rs.350 crore from domestic investors in an effort to bring the foreign holding in the company to below 50%, said a top company official on Wednesday.

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