Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2011-01-05

Ujjivan Raises Rs 40 crores through Non-Convertible Debentures

Bangalore-headquartered, Ujjivan Financial Services, a leading microfinance institution with pan-India presence, has raised INR 40 Crores of debt capital through issuance of listed, secured, redeemabl

Ujjivan Raises Rs 40 crores through Non-Convertible Debentures

Bangalore-headquartered, Ujjivan Financial Services, a leading microfinance institution with pan-India presence, has raised INR 40 Crores of debt capital through issuance of listed, secured, redeemable, non-convertible debentures (NCDs) to DMW (Cyprus) Limited , a member of the Developing World Markets (DWM) group of companies. Unitus Capital is the exclusive financial advisor and sole arranger of the issue. The NCDs are listed on the Bombay Stock Exchange and have been fully subscribed to by Connecticut-headquartered DWM is an asset manager and investment bank exclusively dedicated to making socially positive investments in order to promote sustainable economic and social development on a global scale.

The transaction confirms the inherent strength of Ujjivan’s operations and highlights the leadership role played by DWM and Unitus Capital in global microfinance. Commenting on the landmark deal, Samit Ghosh, Managing Director, Ujjivan, said,” We expect the banks & financial institutions in India to resume lending to MFIs outside Andhra Pradesh post the Reserve Bank of India’s directions of December 22nd, 2010. We are proud to be the recipient of the first international transaction after that date, where DWM has showed the way.”

“Given the current status of the sector, banks are wary of lending to MFIs. As such, it has become even more critical for MFIs to diversify their funding sources. The transaction has helped Ujjivan raise bulk funding at competitive rates and reaffirm the positive investor sentiments towards the Company and the sector in general. Unitus Capital takes pride in having structured and facilitated this transaction with a pioneering MFI and a leading microfinance investor,” stated Gautam Verma, Director, Unitus Capital.

Related opportunities
  • Beauty Salons
    About: Established in 2013, Hair Masters is a premium unisex salon..
    Locations looking for expansion New Delhi
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi New Delhi
  • Medical Spas/Med Spas/Medi Spas
    About Us:  Dhruvan Baby Care Pvt Ltd is a Baby Spa,..
    Locations looking for expansion telangana
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad telangana
  • Preschools
    About Us: An ISO 9001-2015 certified Preschool Brand, operating in FOFO..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater ahmedabad Maharashtra
  • Others Health Care & Fitness
    About Us: Protein Shoppe India has been in the nutritional supplement..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads