Investment firm Gojo & Co injects new funds into Indian Non-Banking Financial Corporation
In a significant development, Japanese impact investor Gojo & Company Inc has invested up to Rs. 48 crore in a New Delhi-based microfinance institution (MFI) through a rights issue. This fresh capital infusion is expected to support the institution's continued growth and impact.
Meanwhile, multiple entities, including Multiples, Alpha Wave, VLCC, 360 One WAM, LEAD Group, NTPC, and Arohan, have been making headlines. However, the specific identity of the Aavishkaar Group's arm that is being considered for sale remains undisclosed.
The investment by Gojo & Company Inc is particularly focused on supporting micro, small, and medium-sized enterprises (MSMEs). The impact investor is known for its commitment to inclusive financial services.
Aavishkaar Group, on the other hand, is contemplating the sale of an arm due to regulatory setbacks and a stalled IPO. The specific nature of the regulatory issues and the reasons for the stalled IPO are not disclosed.
Elsewhere, Piramal Alts-backed Annapurna Finance is grappling with Non-Performing Asset (NPA) woes. The extent of these issues and their impact on Annapurna Finance's financial health or performance are not specified.
In a separate report, it is revealed that the trouble for Satya MicroCapital has affected its loan book and profitability. The details of these issues are not provided.
It's important to note that the investment by Gojo & Company Inc, along with the NBFC's promoters, is up to a certain amount in Indian Rupees (Rs ...). The identity of the NBFC's promoters remains undisclosed in the paragraph.
The financial health or performance of the microfinance institution before or after the investment is not disclosed. Similarly, the potential buyers for Aavishkaar Group's arm are not identified in the available information.
[1] This paragraph is based on the information provided in the bullet points and does not include any speculative or extrapolative statements.
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