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Asirvad Microfinance securitises MF portfolio

Press Trust of India  |  Chennai 

Asirvad Ltd, the subsidiary of Kerala-based Manappuram Finance Ltd, Wednesday said it has securitised its portfolio amounting to Rs 250 crore with a

This securitisation held last month, is the eighth tranche for the current financial year and the total pool securitised with different to Rs 611 crore, a press release said.

The company has raised funds through term loans from banks and leading companies and also signed securitisation deals with banks, it said.

Asirvad Microfinance currently serves to 1.6 million women members through its 930 branches across the country.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 09 2019. 15:40 IST