Page 2 - Fusion Microfinance

Fusion Micro Finance's IPO opens Nov 2, price band Rs 350-368 a share

IPO consists of fresh equity of Rs 600 cr, OFS of 13.69 million shares

Fusion Microfinance sets IPO price band at Rs 350-368 per share

Fusion Microfinance on Friday said it has fixed a price band of Rs 350-368 a share for its Rs 1,104 crore initial public offering (IPO). The initial share sale will open for public subscription on November 2 and conclude on November 4. The bidding for anchor investors will open on November 1, according to the company. The IPO comprises fresh issuance of equity shares worth Rs 600 crore and an offer of sale of 1,36,95,466 equity shares by promoters and existing shareholders. Those selling shares in the OFS are -- Devesh Sachdev, Mini Sachdev, Honey Rose Investment Ltd, Creation Investments Fusion, LLC, Oikocredit Ecumenical Development Co-operative Society UA and Global Financial Inclusion Fund. The company is expected to raise Rs 1,104 crore at the upper end of the price band. Net proceeds from the fresh issue will be used to augment the capital base of the microfinance firm. The New Delhi-headquartered microfinance company provides financial services to underserved women across

Fusion Microfinance raises Rs 3 bn in fresh equity from Warburg, others

Fusion Microfinance is a rural MFI with a Pan-India presence through 500 branches across about 200 under-developed districts in 18 states of the country

Fusion Microfinance raises Rs 5.2-bn funding led by Warburg Pincus

Warburg Pincus Managing Director Narendra Ostawal said Fusion has had a remarkable journey to become a leading microfinance company in a short period

Fusion Microfinance gets Rs 162 crore funding from Creation

This will help the start-up to continue its organic growth momentum as well as consider interesting inorganic opportunities