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Aavishkaar Goodwell India Microfinance Development Company

aavishkaargoodwell.com

Founded Year

2006

Stage

Other Investors | Alive

About Aavishkaar Goodwell India Microfinance Development Company

Aavishkaar Goodwell is a for-profit business development company that aims to provide equity finance and hands-on support to entrepreneurial microfinance organizations in India on a socially and commercially sustainable basis. The company do this by developing and scaling up entrepreneurial microfinance organizations in India and integrating them into the mainstream financial sector.

Headquarters Location

Level Six One Cathedral Square Jules Koenig Street

Mauritius

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Latest Aavishkaar Goodwell India Microfinance Development Company News

Arohan Financial Services, Dodla Dairy get Sebi#39;s go ahead for IPO

Apr 26, 2021

The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23, an update with Sebi showed on April 26. PTI IPO (Representative image) MarketsNon-banking financial company Arohan Financial Services and Dodla Dairy, a leading dairy company in South India, have received capital markets regulator Sebi's go-ahead to float initial share-sales. The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23, an update with Sebi showed on April 26. 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. Arohan Financial Services plans to raise between Rs 1,750 crore and Rs 1,800 crore, as per market sources. The public offer of the Aavishkaar Group promoted company comprises a fundraise through a fresh issuance of shares amounting to Rs 850 crore, according to Draft Red Herring Prospectus (DRHP). In addition, the company will have an offer for sale of 2,70,55,893 equity shares by Maj Invest Financial Inclusion Fund II K/S, Michael & Susan Dell Foundation, Tano India Private Equity Fund II, TR Capital III Mauritius, and Aavishkaar Goodwell India Microfinance Development Company II Ltd. The net proceeds from the fresh issue will be utilised for augmenting the company's capital base to meet its future capital requirements. Edelweiss Financial Services Ltd, ICICI Securities Ltd, Nomura Financial Advisory and Securities (India) Private Limited, and SBI Capital Markets Limited are the managers of the issue. Dodla Dairy's IPO comprises fresh issuance of shares worth up to Rs 50 crore, besides, an offer for sale of up to 10,085,444 equity shares by TPG Dodla Dairy Holdings Pte Ltd, Dodla Sunil Reddy, Dodla Deepa Reddy, and Dodla Family Trust, according to the draft papers. Proceeds from the issue will be used for payment of certain borrowings, funding capital expenditure requirements of the company and for general corporate purposes. Axis Capital and ICICI Securities will manage the company's initial share sale. The company's operations in India are primarily across the four south Indian states of Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu. Its international operations are based in Uganda and Kenya. The equity shares of both companies will be listed on NSE and BSE. PTI

Aavishkaar Goodwell India Microfinance Development Company Frequently Asked Questions (FAQ)

  • When was Aavishkaar Goodwell India Microfinance Development Company founded?

    Aavishkaar Goodwell India Microfinance Development Company was founded in 2006.

  • What is Aavishkaar Goodwell India Microfinance Development Company's latest funding round?

    Aavishkaar Goodwell India Microfinance Development Company's latest funding round is Other Investors.

  • Who are the investors of Aavishkaar Goodwell India Microfinance Development Company?

    Investors of Aavishkaar Goodwell India Microfinance Development Company include International Finance Corporation, DB Capital Partners and FMO.

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