Dubai’s Legatum invests Rs125 cr in Share Microfin, picks 51% stake
Wednesday, May 16, 2007
In the second major investment by a foreign investor in an Indian microfinance firm, Legatum Capital, a Dubai-based privately-owned finance firm, committed a $25 million (Rs125 crore) investment in Share Microfin Ltd, a Hyderabad-based microfinance institution which is India?s largest.
Recently, Sequoia Capital, one of the largest venture capital firms in the world, led a consortium that invested $11.5 million in SKS Microfinance, India?s second-largest microfinance firm.
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