The proceed will be utilised for the company's expansion plans, joint ventures and potential acquisitions
MFIN report also said that the industry has experienced a growth of 89 per cent since first quarter of the FY 2015-16
Combined GLP grew 84% to Rs 53,200 crore in FY16 from Rs 28,900 crore in the previous year
Microfinance firms were able to increase their portfolio substantially, even as one of the biggest micro-lender Bandhan was elevated to a bank