Comments
The MUDRA (Micro Units Development & Refinance Agency) has invested Rs 50 crore in the A(-) rated senior tranche of securitised MSME loan portfolio of Janalakshmi Financial Services, the Bengaluru-based micro-finance company.
This will be a short-term transaction with a tenure of 1.5 years, according to a press release from IFMR Capital, which facilitated this transaction.
Through this deal, MUDRA, which provides low-cost loans to micro-finance and non-banking financial institutions, will have exposure to over 100 micro-finance and NBFCs working towards financial inclusion. This is also MUDRA's maiden exposure to securitisation, according to the release.
IFMR Capital also participated as an investor through its investment in the subordinated tranche.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.