India: Kedaara Capital eyes stake in Norwest-backed SME lender Veritas Finance

India: Kedaara Capital eyes stake in Norwest-backed SME lender Veritas Finance

Private equity (PE) fund Kedaara Capital is in advanced discussions to acquire a stake in small business lender Veritas Finance at a valuation of 2,000 crore, two people aware of the talks said.

Kedaara plans to put in about 500 crore, along with existing investors such as Norwest Venture Partners and CDC Group, the UK government’s development finance institution, the people cited above said on condition of anonymity.

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