Belstar Microfinance raises Rs,275-Cr from Affirma Capital, others

Belstar Microfinance Ltd, a NBFC subsidiary of publicly listed Muthoot Finance Ltd, has raised equity capital of INR 275 crore from new investor Affirma Capital and existing investors including Maj Invest and Muthoot Finance. The funding will help Belstar Microfinance strengthen its balance sheet and also support in growing the loan book.