Tag Archives: equity

Utkarsh Microfinance Gets New Partner in RBL Bank

Private sector lender RBL Bank has acquired 9.99% stake in Varanasi-based Utkarsh Microfinance, which is transforming into a Small Finance Bank next year. Utkarsh is one of the 10 players given RBI nod last year to open SFB. The microfinance industry has grown at around 60% in the last two years, following the RBI sanction making them answerable and accountable. ...

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Chitramala gets Rs.50 Lakh PE Investment

Chitramala.in, a portal for Bollywood and Telugu film industry gossip, has received Rs.50 lakh from Confidance Holdings. Moukthik Kiran Reddy from Chitramala said approximately 60% of its readers originate from different parts of India, including some user traffic from foreign destinations such as USA, Australia, Canada and UK. The monthly unique visitors count for Chitramala.in grosses 1 million every month. ...

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