Offshore investor to provide funding for Namdev Finvest, backed by BII
In a significant development, Namdev Finvest, a Jaipur-based non-banking financial company (NBFC) specialising in medium, small, and micro-enterprises (MSMEs), is set to receive a substantial investment from the Dutch development bank FMO [3].
Namdev Finvest already has British International Investment (BII) as an investor [1]. The exact amount of funding that FMO is planning to invest in the company has not been disclosed [3].
The identity of the foreign institutional investor remains undisclosed in the article [1]. It's worth noting that this is an offshore investment [3].
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This investment comes as a boost for Namdev Finvest, which, as of March 31, had assets under management worth Rs 1,417 crore ($162 million) [4]. However, the article does not provide information about the impact of this funding on Namdev Finvest or its MSME clients.
The purpose, terms, and other details of this funding are also not disclosed in the article [1][3]. It's unclear how this investment will shape Namdev Finvest's future operations and growth.
References: 1. [Article Link 1] 2. [Article Link 2] 3. [Article Link 3] 4. [Article Link 4]
The Dutch development bank FMO is planning to invest in Namdev Finvest, adding to the existing investor, British International Investment. This investment in the finance sector is an offshore business move that has not disclosed the exact amount of funding.
