IndiaSphere

Kerala-based NBFC, Manappuram Group of Companies has received second round of funding from private equity investors. U.K-based Alchemy Ashmore, a joint venture between Alchemy and Ashmore will make investments to the tune of Rs.32 crore in Manappuram General Finance and Leasing Limited (MAGFIL) and Manappuram Finance (Tamil Nadu) Limited (MAFIT). Alchemy Asmore’s Mauritius-based investment vehicle AA Development Capital India Fund LLC will make the investments. According to the deal, MAGFIL will receive Rs.22.4 crore while MAGFIT will get Rs.9.6 crore.
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