In one of the biggest investments in the microfinance space in recent times, British International Investment along with existing investors Incofin Investment Management, Nordic Microfinance Initiative (NMI) and Dutch impact investor Triple Jump will be putting in about $25 million or ₹196 crore in Ahmedabad-based Light Microfinance, which has made strides over the past few years.
India equity surge brightens outlook for exchanges, brokerages
India’s equity market is witnessing a vibrant revival, boosting earnings prospects for brokerages and exchanges. A surge in trading activity, spurred by favorable market dynamics