Lok Capital part-exits Suryoday

Impact investment firm Lok Capital has sold a 6-per cent stake in Suryoday Micro Finance. It had invested through its first fund in Suryoday in 2010 and has now sold that stake, with a 20 per cent internal rate of return. Lok sold the shares to the Belgium-based family office of an Indian national. Lok Capital retains over 11 per cent stake in Suryoday, which has got in-principle approval from the RBI for a small finance bank.