Satya Micro Capital to sell its housing finance arm
Satya Micro Capital plans to sell its housing finance subsidiary for ₹150-200 crore to ease liquidity pressure and strengthen its financial position. The microfinance lender has shortlisted three…
Attributed summary
Satya Micro Capital plans to sell its housing finance subsidiary for ₹150-200 crore to ease liquidity pressure and strengthen its financial position. The microfinance lender has shortlisted three buyers and expects to close the deal within a month. The move comes amid mounting debt repayments, weak asset quality and losses.
Read the original report — Economic Times
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