India: MFI Village Financial looks to sell 10% stake to raise growth capital

India: MFI Village Financial looks to sell 10% stake to raise growth capital

Village Financial Services Ltd, one of the oldest microfinance institutions in India, is looking to sell a 10% stake to raise “growth capital” as lenders like it face pressure from those that have turned into banks to reduce their costs of funds. This is the first time the founders of the privately held Village Financial will dilute their ownership in the company.

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