AAVISHKAAR GROUP
Arohan Financial plans to file for IPO within a month
Microfinance firm Arohan Financial Services is preparing to file for a ₹1,400-crore IPO within a month, aiming for a ₹600 crore primary issue and ₹800 crore offer for sale. This move follows a recovery in the microfinance sector after significant asset quality stress over the past two years.
Arohan Financial Services in final lap to file DRHP for Rs 1400 crore IPO
Arohan Financial Services plans a Rs 1,400 crore IPO, combining fresh issue and OFS, amid improving microfinance sector conditions. With better asset quality, stable growth outlook, and recovering loan portfolios, the company aims to capitalise on renewed investor confidence.
Japanese agency commits $40 million to Aavishkaar Capital’s Global Supply Chain Support Fund
The investment was announced by Japanese Prime Minister Shigeru Ishiba during the “Economic Partnership in Indian Ocean – Africa Forum,” held alongside Ticad 9 (Tokyo International Conference on African Development) in Yokohama. The Global Supply Chain Support Fund (GSC Fund), a credit vehicle backed by various investors, including German development bank KfW, is Aavishkaar Capital’s eighth fund.
INI Farms gets Rs 16 crore investment from ESG First Fund
INI Farms, a leading exporter of fruits and vegetables in India, has received a $1.95m investment from the ESG First Fund managed by Aavishkaar Capital. ESG First Fund is a $250m fund focused on investing in Asia and Africa to generating ESG outcomes and financial returns alongside positive social impact. INI Farms is working with AgroStar, an agri-tech firm, to provide end-to-end services to farmers from advisory and input to output offtake to leverage mutual supply chain capabilities.
Arohan Financial in talks with PEs to raise Rs 1,900 cr
“We are not going to refile for IPO as of now as the market situation is not conducive for the lenders. The full benefits of new central bank pricing deregulation and credit harmonization will reflect in this business year,” Arohan Managing Director Manoj Kumar Nambiar told ET.
Arohan Fin defers IPO plans, to focus on capital strength
Investors who were earlier not keen to invest in microfinance companies due to the high post-pandemic stress may now look at them afresh with interest rate deregulations, which allowed lenders in the segment to raise lending rates.
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Aavishkaar Capital, impact investing arm of the Aavishkaar Group, raises Rs 1,000 crore
The final close, topping $200 million (or Rs 1,500 crore), is expected by the end of the current calendar year, a senior executive told ET.
Aavishkaar launches $250-million ESG First Fund with Germany’s KfW
The fund will focus on strengthening the environmental, social and governance (ESG) practice of midcap businesses, while offering them flexible capital to expand to newer markets, according to a statement.
Arohan Financial IPO likely in December quarter
The IPO includes a primary issue worth Rs 850 crore and an offer for sale up to 2.7 crore equity shares.
Arohan Financial Services, Dodla Dairy get Sebi's go ahead for IPO
Sebi's observation is very necessary for any company to launch public issues like initial public offer (IPO), follow-on public offer (FPO), and rights issue.
Agritech startup Ergos raises Rs 22.5 crore in funding from CDC Group
With that, Ergos has closed its Series A funding round that saw participation of investors Aavishkaar Capital and Chiratae Ventures, apart from CDC Group.
Arohan Financial Services likely to launch Rs 1,500 crore IPO
The Kolkata-based microfinance institution is, however, keeping other options including a rights issue and private equity investment open. With the economy gaining signs of normalcy, the company sees good demand for credit coming up.
Aavishkaar Capital gets Sebi's license for investment advisory services in GIFT IFSC
Investment advisory operations at GIFT IFSC will open a new business opportunity and help to serve foreign clients, including offshore funds in a cost effective way.
Impact-investing boom gives funding jolt to $1 trillion asset manager
Nuveen wrote a $31 million check to Mumbai-based Aavishkaar Group, which invests in startups and early-stage companies in sectors including financial services and food processing in the emerging markets.
Manoj Kumar Nambiar re-elected as MFIN chairperson
He is currently with the Aavishkaar Group as the managing director of Arohan Financial Services Ltd. He joined MFIN board in 2013 and was also its chairman in 2015.
Aavishkaar Capital invests Rs 35 crore in Ergos
The Series A funding round is expected to mop up Rs 100 crore with an Aavishkaar Capital partner and a technology venture capital fund also set to join the round.
Aavishkaar Group scoops up $37 mn in fresh financing from Dutch development bank
The impact investment platform will use the proceeds to further push into Africa and Southeast Asia; Is targeting AUM of $7 billion by 2025-26.
Arohan Financial Services to raise Rs 315 crore in equity
The MFI’s capital infusion will expand its net worth to Rs 750 crore.
Nuveen puts Rs 232 crore in impact investment asset manager Aavishkaar
The investment, which has been made at the holding company level, will be used by Aavishkaar-IntelleCap Group to further shore up its stakes in subsidiaries.
Arvind SmartSpaces launches new affordable housing project in Ahmedabad
The development will consist of around 1200 units with a configuration of 2 BHK.
Aavishkaar and Asha Impact invest Rs. 44 crore in Nepra
The company has leveraged advanced technology for processing of waste and has developed a model that is modular, scalable and replicable.
Former financial services secretary DK Mittal joins Arohan Financial Services as chairman
Mittal, an Indian Administrative Service officer of 1977 batch from UP cadre will be the independent chairman to Arohan's board.
Aavishkaar to invest Rs 35 crore in packaged foods brand ‘Soulfull’
The investment will be made through its $200 million Aavishkaar Bharat Fund with the fund having completed its first close at $95 mn late last year.
To create an impact, Aavishkaar's next milestone is Rs 5200 crore
This would mean a growth of 53% in the next six months alone for one of the world's biggest and India's largest impact investment firm.
Arohan announced Rs 155 crore capital infusion from Denmark's Maj Invest and existing investors
Arohan's loan portfolio was at Rs 1,031 cr as on April 30 provided through 271 branches operating in seven low-income states Assam, Bihar, Chattisgarh, Jharkhand, Meghalaya, WB etc.
We do not expect any returns from impact investing: Sunil Kant Munjal
Sunil Kant Munjal, the Hero Enterprises, has invested Rs 100 crore in impact investment in firm Aavishkaar's new fund, Aavishkaar Bharat Fund.
Hero Enterprise Chairman Sunil Munjal invests Rs 100 crore in new Aavishkaar fund
The investment, which has been made in Munjal's personal capacity, is part of the Rs 2,000 crore corpus that the social venture capital firm is targeting for its new investment vehicle.
Financial services group Aavishkaar-Intellecap raises Rs 166.3 crore
Proceeds from the transaction, raised at the holding-company level, will be used by the Aavishkaar-Intellecap Group to significantly scale its operations, provide support and scale to its debt businesses and to ensure Intellecap's advisory business is replicated, particularly, in Africa, a growing geographical focus for the company.
Aavishkaar inducts Planning Commission's Arun Maira, Nasscom's Kiran Karnik to Advisory Council
The entity, which is going aggressive with growth plans with investments across Asia, Africa and North America, will be inducting two more advisors, one each from the US and Europe by February 2017.
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