India: Small lender Disha Microfin plans to raise $44m to restructure ownership

India: Small lender Disha Microfin plans to raise $44m to restructure ownership

Rajeev Yadav, group CEO at Fincare Business Services, the parent firm of Disha Microfin. Photo: Aniruddha Chowdhury/Mint

Small finance bank (SFB) licensee Disha Microfin Pvt. Ltd is planning to raise about Rs.300 crore to restructure its ownership in order to comply with the Reserve Bank of India’s (RBI) norms for foreign shareholding, said a senior executive.

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