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IFC to invest $35 million in Manappuram Finance

28 May 2019 Evaluate

International Finance Corporation (IFC) will invest $35 million (over Rs 240 crore) in Manappuram Finance. The investment will help increase access to gold loans for low-income households and micro, small and medium enterprises (MSMEs).

Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.

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