CDC Group Plc, the UK government’s development finance institution, is in advanced talks to invest over Rs100 crore in Veritas Finance Pvt. Ltd, which lends to micro and small enterprises, said two people aware of the development.
Chennai-based Veritas Finance was registered as a non-banking financial company (NBFC) by the Reserve Bank of India (RBI) in October 2015. In December, Mint reported that Veritas was in the market to raise funds.
